SME funding: Sebi, Sidbi join hands to create awareness about capital markets

Coimbatore - The Securities and Exchange Board of India (Sebi) and Small Industries Development Bank of India (Sidbi) have joined hands and launched a series of dialogue with SMEs in various clusters to create awareness about the new capital market avenues available to SMEs for raising capital and improving visibility.

The region was chosen as starting point for the launch, being the major hub of SMEs, in the presence of Sebi Chairman, U K Sinha and M K Maini, Deputy Managing Director, Sidbi, along with Chitra Ramakrishna, Managing Director and CEO, NSE, Ashish Chauhan, Managing Director and CEO, BSE. Hundreds of
entrepreneurs were also present.

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The primary objective of the programme is to interact with SMEs from the area and familiarise them with the various products that are being offered by the stock exchanges for their benefits in addition to showcasing the initiative of Sidbi for the SME sector, Maini said.

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The idea was that these SMEs may turn out to be potential listed companies in the future and this programme, ‘SME Funding: Role of Capital Markets,’ should benefit such SMEs, Chitra said.

Sinha said the industries should try to minimise their dependency on banks for capital and instead can source from other links, like listing in the stock exchange.

Ashish said 68 SMEs have so far been listed in Bombay Stock Exchange.

PTI