Current Affairs PDF Sales

BSE signs MoU with Maharashtra to create awareness among SME about Listing 

AffairsCloud YouTube Channel - Click Here

AffairsCloud APP Click Here

BSE signs MoU with Maharashtra govt to encourage SME listingBSE (formerly Bombay Stock Exchange) & Government of Maharashtra have signed a Memorandum of Understanding (MoU) to spread awareness about listing among Small & Medium scale Enterprises (SMEs) of Maharashtra.

Objective –  To spread awareness regarding listing of SMEs of Maharashtra in BSE.

Benefits of Listing

  • The listing will help SMEs to raise capital from the public capital market.
  •  Stimulates liquidity & ready marketability of securities.
  •   Helps in getting Fair Price for the Securities.
  •   Improves Company’s visibility & Credibility besides ensuring transparency while conducting operations.

They can raise funds through Equity, Debt Instruments & Government Securities.

i.As part of the Agreement,

  • BSE has agreed to provide intellectual & manpower support for creating awareness.
  • Maharashtra Government will mobilize SME representative & state and regional association to encourage SME members to attend the capacity building programmes.

ii.BSE will provide Training & capacity building support to District Industries Centre Officials.

  • It will collaborate with Industry Associations to conduct joint seminars for raising awareness about the benefits of listing.
  • BSE will provide technical support to all MSME industries in Maharashtra regarding listing.

iii.BSE launched its SME platform in March, 2012.

  • Around 331 companies have got listed on the platform by raising INR 3, 381 Crore.
  • Out of 331, 95 companies have migrated to BSE Main Board.
  • The Government of India is urging small businesses with AAA credit rating lists on stock exchanges to raise capital instead of bank debt.

Recent Related News:

i.On September 28, 2020, BSE signed an MoU with Yes Bank to empower the SMEs that are listed on the BSE through awareness and knowledge-sharing programmes.

About BSE:
Chairman (Public Interest Director) –  Justice Vikramajit Sen
Location – Mumbai, Maharashtra