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Which ministry and National Stock Exchange of India Limited (NSE) signed a Memorandum of Understanding (MoU) to facilitate capital market access for M
Question

Which ministry and National Stock Exchange of India Limited (NSE) signed a Memorandum of Understanding (MoU) to facilitate capital market access for MSMEs on 29 July 2024?

A.

Ministry of Commerce and Industry

B.

Ministry of Defence

C.

Ministry of Home Affairs

D.

Ministry of Finance

Correct option is B

The Correct Answer is: (b) Ministry of Defence
Explanation:
On 29 July 2024, the Ministry of Defence (MoD) and the National Stock Exchange of India Limited (NSE) signed a Memorandum of Understanding (MoU) to facilitate capital market access for Micro, Small, and Medium Enterprises (MSMEs) in the defence sector.
Information Booster:
  • The MoU is valid for five years.

  • The Department of Defence Production (DDP) and NSE will conduct awareness drives, including seminars, MSME camps, knowledge sessions, roadshows, and workshops.

  • NSE will assist MSMEs in connecting with intermediaries like merchant bankers, registrars, transfer agents, and depositories.

  • This initiative is part of the government's efforts to promote 'Make in India' and 'Atmanirbhar Bharat' by encouraging indigenous design, development, and manufacture of defence equipment.

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