Bourse Rings the EMERGE Bell in North-East
NSE initiates dialogue with North East State governments to start Financial Markets Management course as a vocational stream for senior school students.
NSE also organized a conference, in association with the State Bank of India, to educate small and medium sized companies in the region, on the opportunities available for the companies to raise capital for their growth. SBI is actively involved in financing SME’s in the region and is currently partnering with NSE to encourage eligible companies to list on NSE’s trading platform for SMEs called ‘Emerge’. More than 25 local SME’s participated and evinced interest to benefit from Emerge platform.
NSE’s MD and CEO, Ms Chitra Ramkrishna, said, “The growth of most small and medium enterprises is constrained because of lack of availability of financial resources and Emerge platform is a good avenue for these companies to raise capital. A number of SME’s in this region can benefit from the listing, as it would not only help them raise funds but also provide quality visibility and a higher brand value.’’
Speaking on financial education initiatives for senior school students, Ms Ramkrishna said, “We are already running a course for students of class 8 and 9 on the financial markets in 55 schools across the country and would be very happy if we can start the same initiative in schools in Meghalaya and other North East regions to empower children to take sound financial decisions when they grow up’’.
Mr Kumar Lalla, DGM (B&O), State Bank of India said, "It is indeed heartening to learn that NSE has come up with the novel concept of EMERGE, a platform which is intended to bring a convergence of investors and emerging corporates, offering the opportunity to investors to invest in emerging businesses. New and hitherto uncharted growth plans, innovative and path breaking business models that are fine-tuned for investor interest and business growth were the highlights of today’s programme."
In the last financial year, NSE conducted investor awareness seminars in 13 State capitals in East India and in the North East. At today’s investor awareness seminar, investors were given guidance on how to trade cautiously, and not get misled by market rumors and invest according to a wise investment plan. Investors were also given an introduction to exchange traded funds, through which it is possible for them to invest in small amounts and achieve long term financial goals.