New Delhi, July 27 (KNN) Suggesting that the MSMEs must not fully depend upon the banks for their expansion, Uttar Pradesh Chief Secretary Dr Anup Chandra Pandey has said that the capital can be raised from the market through the IPOs as well after registering themselves with the National Stock Exchange.

A memorandum of Understanding (MoU) has been signed between UP government and National Stock Exchange (NSE).

After signing the MoU, Pandey said the struggling small industries should not depend fully on the banks for the expansion of their industry.

They can raise capitals from the market through IPO after getting their registration done on NSE.

He stressed on organizing training programmes for the small industries by the stock exchange to make them aware regarding the capital markets.