Question
In July 2024, the Ministry of Defence (MoD) signed a
Memorandum of Understanding (MoU) to enhance capital market access for Micro, Small and Medium Enterprises (MSMEs). Which organization partnered with the MoD for this initiative?Solution
On July 29, 2024, the Ministry of Defence, under the guidance of Union Minister Rajnath Singh and the Defence Acquisition Council (DAC), approved several procurement proposals aimed at boosting the capabilities of the Indian Army and the Indian Coast Guard. Among these decisions, the MoD entered into an MoU with the National Stock Exchange (NSE) to provide improved capital market access to MSMEs. This move is part of a broader strategy to integrate MSMEs into the defence manufacturing ecosystem, supporting their growth and development in the capital market.
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