BSE Limited, India’s oldest stock exchange, today signed a Memorandum of Understanding (MoU) with Uttar Pradesh Industrial Consultants Limited (UPICON) in order to facilitate better listing of Small and Medium Enterprises (SMEs) from Uttar Pradesh on the BSE SME platform.
The partnership is meant to streamline and popularize the listing of SMEs by providing support and guidance as needed. UPICON will identify a nodal officer who would oversee the implementation process and help the SMEs throughout the registration and listing process. This alliance would help the SMEs raise equity capital and also access larger markets in the financial markets.
It is also along the lines of the vision of the Uttar Pradesh Government, where it encourages the growth of MSMEs in the state for the furtherance of the economy. The MoU provides a significant boost to the state’s MSME ecosystem by promoting sustainable growth, job creation, and innovation.
According to Mr Pravin Singh, MD, UPICON, the cooperation is a landmark measure for the further fortification of the MSME ecosystem in the state of Uttar Pradesh. They will support MSMEs from now onwards through BSE and equip them with all resources available to them for success in the equity market. According to MD & CEO BSE, Mr. Sundararaman Ramamurthy, make the BSE SME Platform a one-stop shop for the SME sector for raising equity capital, thereby further boosting investor confidence and providing for long-term growth.
This MoU will make BSE and UPICON strive for financial inclusion and SME empowerment towards the economic development of Uttar Pradesh. Awareness of benefits from equity listing is equally important in the partnership for SMEs.
About BSE:
BSE was established in 1875 and is celebrating 150 years, being one of the foremost stock exchanges in India. It offers a transparent platform for equity, debt, derivatives, and mutual funds, thus promoting growth in Indian capital markets.
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Published on: January 12, 2025 at 6.30PM GMT.
Budget Estimates:
India is expected to clock a fiscal deficit of 4.7 percent to 4.8 percent against the government estimates of 4.9 percent as a percentage of GDP in the current year. The country has witnessed two positive influences-these include, on one side, capital investments that are scaling down, as well as unexpectedly high dividends, this time round, from Reserve Bank of India.
As stated in Bhagavad Gita : (Bhagavad Gita 15.15)
सर्वस्य चाहं हृदि सन्निविष्टो मत्तः स्मृतिरज्ञानमपोहनं च।
I am seated in everyone’s heart, and from Me come remembrance, knowledge, and forgetfulness.
14th January is celebrated as Makar Sankranti!
