Lucknow, April 17 -- The Uttar Pradesh government has signed a Memorandum of Understanding (MoU) with the National Stock Exchange (NSE) on Wednesday, creating a pathway for the state's 96 lakh micro, small, and medium enterprises (MSMEs) to access capital-raising opportunities.

Under this agreement, these enterprises can now secure funding by launching Initial Public Offerings (IPOs) through the NSE Emerge platform.

An official spokesperson confirmed that the state government remains dedicated to strengthening these enterprises both financially and technically.

"As part of the MSME Policy 2022, financial assistance of up to Rs 5 lakh is being offered to support MSMEs in getting listed on the stock exchange," the spokesperson explained....