Updated Mar 02, 2021 | 19:39 IST
Both the Institutions run several programs for MSMEs and the co-operation will help increase the impact and reach of these programs NSE and SIDBI sign MoU for the MSME sector
New Delhi: National Stock Exchange of India Limited (NSE) and Small Industries Development Bank of India (SIDBI) today signed an MoU for co-operation in various ongoing Micro, Small and Medium Enterprises (MSME) related initiatives of the two institutions and to also explore the feasibility of a debt capital platform for the MSMEs.
Speaking on the MoU, SIDBI DMD V. Satya Venkata Rao said, “Keeping in view the very large and diversified MSME sector in the country, there is a continuous need for various institutions to co-ordinate and co-operate with each other for the benefit of MSME sector. Both the Institutions run several programs for MSMEs and the co-operation will help increase the impact and reach of these programs.”
SIDBI and NSE joins hands for co-operation in various MSME related initiatives
Posted On: 2021-03-02 06:13:14 (Time Zone: Arizona, USA)
Small Industries Development Bank of India (SIDBI), the principal financial institution engaged in the promotion, financing and development of Micro, Small & Medium Enterprises (MSMEs) has signed a Memorandum of Understanding (MoU) with National Stock Exchange (NSE) for co-operation in various ongoing MSME related initiatives of the two institutions and also exploring the feasibility of a debt capital market platform for MSMEs.
Speaking on the MoU, Shri V. Satya Venkata Rao, Deputy Managing Director of SIDBI said, Keeping in view the very large and diversified MSME sector in the country, there is a continuous need for various institutions to co-ordinate and co-operate with each other for the benefit of the MSME sector. Both the institutions run several programs for MSMEs, and the co-operation will help increase the impact and reach of thes