NSE and Uttar Pradesh Government Join Hands to Empower MSMEs

In a significant development aimed at boosting entrepreneurship and access to capital, the National Stock Exchange (NSE) of India has signed a Memorandum of Understanding (MoU) with the Government of Uttar Pradesh. The agreement, executed through the Uttar Pradesh Small Industries Corporation (UPSIC), seeks to facilitate fundraising opportunities for Micro, Small, and Medium Enterprises (MSMEs) in the state through the NSE Emerge platform.

MoU Signed in Presence of Senior Officials

The MoU was exchanged between Shri Raj Kamal, IAS, Managing Director of UPSIC, and Ms. Nidhi Maheshwari, Senior Manager at NSE. The ceremony took place in Lucknow in the presence of Shri Alok Kumar, IAS, Principal Secretary of the Department of MSME and Export Promotion, and Shri Pranjal Yadav, Secretary of the same department.

What This Means for MSMEs in Uttar Pradesh

Through this collaboration, NSE and the state government will organise a series of initiatives, including seminars, workshops, roadshows, MSME camps, and awareness programmes. These efforts will educate MSMEs about raising capital through Initial Public Offerings (IPOs) on NSE Emerge and support them throughout the listing process.

Shri Raj Kamal emphasised that under the leadership of Chief Minister Shri Yogi Adityanath and Minister of Industries Shri Rakesh Sachan, the state aims to build an enabling environment for MSMEs to thrive and attract global investments. The MoU is expected to be a key driver in achieving these objectives by leveraging NSE Emerge as a platform for alternate financing, enhanced visibility, and greater credibility.

NSE’s Continued Commitment to SME Growth

Commenting on the partnership, Shri Sriram Krishnan, Chief Business Development Officer of NSE, highlighted that the NSE Emerge platform allows SMEs to efficiently raise capital while increasing market visibility. He added that the exchange, in collaboration with the Uttar Pradesh government, will provide detailed walkthroughs of the listing and fundraising process to ensure MSMEs fully understand the benefits and requirements.

The Growing Footprint of NSE Emerge

As of now, 612 companies across various sectors have listed on the NSE Emerge platform, collectively raising over ₹17,003 crore. These companies have a combined market capitalisation of approximately ₹1,76,565 crore. This reflects the growing trust and traction the platform has gained among emerging enterprises.

About NSE

The National Stock Exchange of India, operational since 1994, is a pioneer in electronic trading and financial technology in the country. It is India’s largest stock exchange by total and average daily equity turnover. NSE also leads the global derivatives market in terms of trading volume and ranks second globally in equity trades. It offers a comprehensive range of services, including trading, clearing, market data, indices, technology solutions, and financial education.

Conclusion 

This collaboration between NSE and the Uttar Pradesh Government marks a pivotal step in empowering MSMEs with better access to capital. It aims to foster growth, visibility, and long-term sustainability through public market participation.

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