Lucknow: In a significant move aimed at empowering micro, small and medium enterprises (MSMEs), the National Stock Exchange (NSE) has signed a Memorandum of Understanding (MoU) with the Uttar Pradesh government to spread awareness among MSMEs about raising capital through public listings on the NSE Emerge platform.
The MoU was exchanged between Raj Kamal, Managing Director of Uttar Pradesh Small Industries Corporation (UPSIC), and Nidhi Maheshwari, Senior Manager at NSE, during a formal ceremony held in Lucknow.
Under the agreement, the NSE will collaborate with the UP government to conduct seminars, MSME camps, roadshows, knowledge sessions, and workshops aimed at educating businesses about the benefits and processes involved in raising funds through SME IPOs. NSE also pledged to “handhold” MSMEs through the listing process, offering end-to-end guidance.
Speaking on the initiative, Raj Kamal said, “The government has been striving to create a conducive ecosystem for MSMEs. The NSE Emerge platform provides not just capital access but also enhances visibility and credibility for businesses.”
Sriram Krishnan, NSE’s Chief Business Development Officer, emphasized the benefits of the platform: “NSE Emerge allows SMEs to raise capital efficiently while gaining visibility through stock exchange listing. We urge MSMEs in Uttar Pradesh to leverage this opportunity as an alternative financing route.”
So far, 612 companies have been listed on the NSE Emerge platform across sectors, raising over ₹17,003 crore collectively. Their total market capitalization stands at around ₹1,76,565 crore, underscoring the platform’s growing importance in SME financing.
The collaboration is expected to play a crucial role in unlocking capital for Uttar Pradesh’s growing MSME sector, which forms a vital part of the state’s economic framework.
