BSE signs MoU with Government of Chhattisgarh to promote listing of SMEs in the state

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BSE signs MoU with Government of Chhattisgarh to promote listing of SMEs in the state.

 BSE, India’s premier exchange and the world’s fastest Stock Exchange with a speed of 6 microseconds, has today signed a memorandum of understanding (MoU) with Government of Chhattisgarh to help in spreading awareness about the benefits of SME listing, committing to the healthy growth of SMEs.

Through this MoU, BSE will provide intellectual and manpower support to create awareness about the benefits of listing among SMEs and will conduct generation/capacity building programs. Besides, BSE will provide training and capacity building support to District Industries Centre officials of Government of Chhattisgarh.

As part of this association, the Department of Industries and Commerce will provide support in mobilizing the SME representatives through District Industries Centre. They will also help in mobilizing the State/Regional associations/chambers to encourage their SME members to attend capacity building programs.

Commenting on the Shri Manoj Kumar Pingua, Principal Secretary Commerce & Industries Government of Chhattisgarh said “the MoU entered with BSE today is a landmark for the state. This will help the SMEs of the states in getting equity financing which will help in their growth. This will future boost the income of the state and create employment.”

Commenting on this collaboration, Shri. Ajay Thakur, Head-BSE SME & Startups, said, “BSE has entered into the MOU with the Govt of Chhattisgarh today. Through this MOU BSE along with the Govt of Chhattisgarh will create awareness among the SMEs of the state about the benefits and criteria of listing on BSESME Platform. The SMEs of Chhattisgarh will leverage BSESME Platform for raising equity funds for their growth, unlocking the value of their companies, and creating visibility. This will further help in creating employment and growth in the state.”

BSE became the first stock exchange to get the approval from SEBI and had launched its SME platform on 13th March, 2012. So far 353 companies listed on BSE SME Platform have raised Rs. 3731.81 crore from the market and total market capitalization of 353 companies as on October 26, 2021 is Rs. 38538 crores, out of which 117companies are migrated to BSE Main Board. BSE is the market leader in this segment with a market share of 61 percent.

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