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09/10/2019 11:39am

BSE joins hand with FICCI to promote MSMEs

image BSE joins hand with FICCI to promote MSMEs

New Delhi, Oct 9 (KNN) In a bid to enhance Micro, Small and Medium Enterprises (MSME) and startups in the leading stock exchange, BSE in association with the Federation of Indian Chambers of Commerce and Industry (FICCI) has organised a session to identify gaps in the existing policies and make suggestions for robust policies.

"Some of the concerns identified were simplifying the MSME definitions, availability of funds which will result in improved attitude of lenders and borrowers, pull up payment delays and increasing market access for the MSMEs," BSE has said in a statement.

The MSMEs were invited to present their summary of ideas and suggestions as well as discuss their main issues of concern to the Ministry.

Around 40 stakeholders, including 20 MSMEs, participated at the event, it added.

Speaking at the event BSE MD and CEO Ashishkumar Chauhan emphasised on the need of having vibrant ecosystem comprising of debt and equity to address the concerns of MSMEs.
 
The BSE through its dedicated platform for such enterprises help SMEs in raising funds - BSE SME - where small companies can list and raise capital, enhance visibility and create brand value.So far, the platform has helped 310 SME's in raising Rs 3,300 crore.
 
The exchange further said that it will take all initiatives for the growth of SMEs and startup ecosystem.

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