Economic Times

Haryana govt, NSE sign pact for growth of MSMEs

The Haryana government would facilitate the listing of MSMEs on NSE Emerge through financial

assistance.

PTI| July 17, 2019

National Stock Exchange (NSE) Wednesday said it has signed a pact with the Haryana government to

help boost the growth of MSME sector in the state.

As per the memorandum of understanding, NSE will support the Haryana government in enhancing

the financing opportunities for micro, small and medium enterprises (MSMEs) in the state, through

listing on NSE's SME exchange platform, NSE Emerge, the stock exchange said in a release.

On the other hand, the Haryana government would facilitate the listing of MSMEs on NSE Emerge

through financial assistance.

Besides, "Haryana government will explore the possibility of setting up a government-sponsored

equity participation fund to invest in the fast growing SMEs in the state, on the exchange platform,"

NSE said.

As per the release, the stock exchange has similar arrangements with seven other states -- Uttar

Pradesh, Uttarakhand, Rajasthan, Punjab, Gujarat, Andhra Pradesh, and Odisha.

"Development of SMEs is the focus for the state and to further this commitment, Haryana government

and NSE have entered into mutual cooperation for enabling SMEs to list on NSE Emerge for raising

capital in an efficient manner and scale up their businesses to compete globally," said Devender Singh,

Addl Chief Secretary of Commerce & Industries, Government of Haryana.

Listing helps companies to get better access to capital for expansion and growth, provides visibility to

local companies at the national level and gives them high credibility, NSE noted.

Vice president of NSE Gaurav Kapoor said, "We are very focused on providing access to capital to SMEs

and look forward to supporting SMEs from Haryana in their growth plans and do joint programmes

with Haryana government in each district of the state for capital raising initiatives."

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Haryana govt, NSE sign pact to list MSMEs on SME exchange platform

NSE noted that listing helps companies get better access to capital for expansion and growth, provides

visibility to local companies at the national level and gives them high credibility.

PTI| July 18, 2019

The National Stock Exchange (NSE) on Wednesday said it has signed a pact with the Haryana

government to help boost the growth of MSME sector in the state.

As per the memorandum of understanding (MoU), NSE will support the Haryana government in

enhancing the financing opportunities for MSMEs in the state through listing on NSE's SME exchange

platform, ‘NSE Emerge’, the stock exchange said in a release.

On the other hand, the Haryana government would facilitate the listing of MSMEs on NSE Emerge

through financial assistance.

Haryana government will explore the possibility of setting up a government-sponsored equity

participation fund to invest in the fast growing SMEs in the state on the exchange platform," NSE said.

Headline: Government of Haryana & NSE signs MoU to fuel growth of MSME's in the State

Source: Various publications Date: 17 July, 2019

According to the release, the stock exchange has similar arrangements with seven other states -Uttar

Pradesh, Uttarakhand, Rajasthan, Punjab, Gujarat, Andhra Pradesh, and Odisha.

"Development of SMEs is the focus for the state and to further this commitment, Haryana government

and NSE have entered into mutual cooperation for enabling SMEs to list on NSE Emerge for raising

capital in an efficient manner and scale up their businesses to compete globally," said Devender Singh,

Additional Chief Secretary of Commerce and Industries, Government of Haryana.

Listing helps companies get better access to capital for expansion and growth, provides visibility to

local companies at the national level, and gives them high credibility, NSE noted.

Vice president of NSE, Gaurav Kapoor, said:

"We are very focused on providing access to capital to SMEs and look forward to supporting SMEs from

Haryana in their growth plans and do joint programmes with Haryana government in each district of

the state for capital raising initiatives."

In February this year, the Haryana government had approved new policies for the MSME and

pharmaceutical sectors. The state cabinet approved the micro, small and medium Enterprises Policy

2019, which aims to create globally-competitive MSMEs in the state.

The objectives of the policy are to promote balanced regional development through geographical

dispersal of industry, increase the competitiveness of MSMEs through cluster development and

adoption of quality manufacturing practices, facilitate MSMEs in accessing domestic and export

markets, and provide a conducive ecosystem for promotion and growth of MSMEs in the thrust sectors

of Haryana.

https://yourstory.com/smbstory/msme-haryana-nse-emerge-national-stock-exchange

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Government of Haryana signs MoU, NSE to fuel growth of MSME’s in State

NSE has similar arrangements with other 7 states - Uttar Pradesh, Uttarakhand, Rajasthan, Punjab,

Gujarat, Andhra Pradesh, and Odisha.

Bureau| July 17, 2019

National Stock Exchange of India (NSE) and the Government of Haryana have signed a Memorandum

of Understanding (MoU) to help catapult MSME’s in the State to the next level of growth.

MOU was exchanged between Gaurav Kapoor, Vice President, NSE & Devender Singh, Addl. Chief

Secy., Commerce & Industries, and Government of Haryana today in Chandigarh.

As part of the understanding, NSE will support the efforts of the Government of Haryana in enhancing

the financing opportunities for MSME’s in the State, through listing on NSE’s dynamic and thriving SME

exchange platform, NSE Emerge.

On its part, the Government of Haryana shall facilitate MSMEs to get listed on the NSE Emerge, by

supporting such MSMEs financially one time support of 20% of expenditure incurred or 5 Lakh

maximum after fund raising of equity. Haryana Government will explore the possibility of setting up a

government sponsored equity participation fund to invest in the fast growing SMEs in the State, on the

exchange platform.

NSE shall play an active role in nurturing the SMEs and start-ups by increasing awareness along with

the Government of Haryana on the opportunities to raise capital, SME exchange guidelines, listing

processes, and compliances with listing agreement.

Devender Singh, Addl. Chief Secy., Commerce & Industries, Government of Haryana said,

“Development of SME is the focus for the state and to further this commitment, Government of

Haryana and NSE has entered into mutual cooperation for enabling SMEs to list on NSE Emerge for

raising capital in an efficient manner and scale up their businesses to compete globally. We are

confident that local SMEs based from Haryana will benefit by listing on NSE Emerge platform”.

Gaurav Kapoor, Vice President, NSE said, “We, at NSE are happy to actively collaborate with the

Government of Haryana. Small & Medium enterprises (SMEs) are crucial for economic growth,

employment generation and broad based inclusive development .NSE has established platforms for

SME IPO (NSE Emerge) and for receivables discounting (RXIL), a trade receivables discounting

exchange that has been set up in collaboration with SIDBI. We are very focused on providing access

to capital to SMEs and look forward to supporting SMEs from Haryana in their growth plans and do

joint programmes with Government of Haryana in each District of the state for capital raising

initiatives”.

NSE will be handholding SME’s through the process of listing, thereby empowering MSME’s to achieve

their next level of growth. Listing helps companies to get better access to capital for their expansion

and growth, provides visibility to local companies at the national level, gives them high credibility and

unlocks valuation.

As on 12 July, NSE’s SME Emerge platform, currently has 199 companies from various sectors, listed.

Total funds raised on the platform till date is approx. Rs 3100. The platform has 4 companies listed

from Haryana on the SME Emerge platform.

http://www.businessworld.in/article/Government-Of-Haryana-Signs-MoU-NSE-To-Fuel-Growth-Of-

MSME-s-In-State/17-07-2019-173530/