Haryana government and NSE sign pact to boost MSMEs of the state

NEW DELHI: Haryana government and the National Stock Exchange (NSE) have signed an agreement to increase opportunities for micro, small and medium enterprises (MSMEs) in a bid to boost the financial growth of the same in the state. According to a press release, NSE would be listing the state’s enterprises on their small and medium enterprises (SME) exchange platform, NSE Emerge. The state government would be aiding the state’s small and medium enterprises financially.

“The 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 previously made similar arrangements with seven other states — Uttar Pradesh, Uttarakhand, Rajasthan, Punjab, Gujarat, Andhra Pradesh and Odisha.