Securities and Exchange Board of India (SEBI) which recognises and regulates Stock Exchanges, has decided to facilitate the setting up of separate stock exchanges or a platform in the existing stock exchanges dedicated to the Small and Medium Enterprises (SMEs). The objective is to make available equity capital at lower cost for small and medium scale industries. SEBI has already put in public domain the framework for recognition and supervision of stock exchanges/platforms of stock exchanges for small and medium enterprises. Pursuant to this, applications have been received by SEBI.
This information was given by Minister of State for Finance, Shri Namo Narain Meena in written reply to a question raised in Lok Sabha today.