BSE, the government of Haryana signs a pact to facilitate MSMEs to obtain capital
New Delhi, July 18 () On Thursday, the leading BSE stock exchange said it signed a pact with the Haryana government to encourage and support the state's micro, small and medium-sized enterprises (MSMEs) to raise capital.
The Government of Haryana and BSE intend to help SMEs to raise funds through the dedicated platform of the BSE for SMEs, where small businesses can list and increase productive capital, gain visibility and credibility towards large companies , he added. Bourse said in a statement.
By signing up for the BSE SME platform, companies will obtain capital financing opportunities to grow their business from expansion to acquisition, he said.
In addition, the list expands the investor base, which in turn helps obtain secondary capital financing, including private placement, among others, the statement added.
With more than 1,00,000 MSMEs operating, it is also one of the main sectors that provide employment in the state. One of the many challenges that MSMEs face is limited access to finance, which increases their dependence on debt capital, resulting in distorted and drowned capital structures. cash flow. Through this partnership, our goal is to provide an enabling ecosystem for SMEs to raise capital, grow and prosper, said BSE CEO and MD Ashish Kumar Chauhan.