The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on Monday decided to reduce the listing fee for their SME platforms by 25 per cent amid challenges faced by small and medium enterprises due to coronavirus pandemic.
The fee rebate has been declared following Finance Minister Nirmala Sitharaman’s several announcements to rescue the ailing micro, small, and medium enterprises (MSME) sector.
The revised listing fee structure will be applicable for the existing companies as well as for the firms waiting to be listed on the exchange, BSE said in a statement.
Currently, India is going through an unprecedented crisis caused by pandemic Covid-19. In these challenging times, it is our responsibility to support SMEs which form the backbone of our economy.
SMEs have been hit hard due to economic activities coming to a grinding halt in the wake of Covid-19 crisis. Some of the SMEs are under enormous financial stress to meet their obligations.