The Bombay Stock Exchange (BSE) is planning to launch its own small and medium enterprises (SMEs) exchange by September, Economic Times reports. The Securities and Exchange Board of India has already made certain concessions, such as lowering the fee and regulatory requirements, for the same.
The new SME exchange will let small firms, which has an 8% share in the country’s gross domestic output, to raise money from the market. The ministry is also in talks with the Planning Commission to overcome problems faced by the micro SMEs sector, such as lack of equity, risk capital and poor access to timely and affordable loans.
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