Question : NSE & SIDBI has recently signed MoU to test feasibility of debt capital platform for —
(a) MSMEs
(b) Heavy Industries
(c) Agro commodities
(d) None of the above
Ans.(a)
Related facts
- SIDBI and NSE has recently(March 2021) joined hands for co-operation in various ongoing MSME related initiatives and Exploration of the feasibility of a debt capital market platform for MSMEs.
- Background
- 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 these programs.
- Expert committee on MSMEs, headed by Shri U. K. Sinha has made several recommendations for the MSME sector including a need to develop additional instruments for debt and equity which will help crystallize new sources of funding for MSMEs and in this regard, SIDBI will look forward to jointly work with NSE to explore feasibility of a debt platform for unmet needs of the sector.
By — Pankaj Pandey.