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SME Exchange Equity Scheme for SME Sector

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SME Exchange Equity Scheme for SME Sector

Name of the scheme SME Exchange Equity Scheme for SME Sector
Ministry/Department Directorate of MSME, Haryana
Description
  • The objective of the scheme is to assist small and medium enterprises in raising capital through the SME exchange.
  • An SME exchange is a dedicated trading platform for small & medium enterprises, with significantly relaxed eligibility criteria & listing procedures as compared to normal or “main board” listing. Bombay Stock Exchange SME Platform & National Stock Exchange Emerge are two such exchange platforms for SMEs in India.
  • The purpose of this scheme is to encourage SMEs to raise capital through this medium by providing financial assistance in terms of reimbursement of a percentage of expenses incurred on raising of funds through a pre-defined upper limit.
Nature of assistance
  • The state shall provide onetime support of 20% of expenditure incurred towards registration on NSE’s/BSE’s SME exchange platform & raising of funds; up to a maximum of Rs. 5 lakhs.
  • The financial assistance under this Scheme will be provided as a reimbursement to the SMEs after successful listing on BSE/NSE SME exchange platforms.
Who can apply?
  • All SMEs existing anywhere in the Haryana state, which have filed Haryana Udhyam Memorandum (HUM) shall be eligible under the scheme.
  • The unit should not have been placed in the restrictive list as notified by the State Government from time to time.
  • The unit must have CLU/NOC, as applicable.
  • The unit should be in commercial production.
  • The unit should be in regular production/ commercially active at the time of disbursement and the subsidy shall not be released to a closed unit.
  • The assistance shall be available only on listing fee paid during the period, from 26.02.2019 upto 25.02.2024, or till the validity of Haryana MSME Policy 2019.
How to apply? All the eligible SMEs are required to submit the application form along with supporting documents for obtaining financial assistance towards the expenses incurred on registration with NSE/BSE on the website of the department. The SMEs shall apply within three months from the successful listing on BSE/NSE SME exchange platforms.
Download Scheme guidelines View Detailed Scheme

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