Centre of Excellence for Aspiring SMEs
IFCI Ltd. has collaborated with Federation of Indian Micro and Small & Medium Enterprises (FISME) for creation of Centre of Excellence for Aspiring SMEs (CoE) for providing handholding support to help SMEs grow. The partnership of IFCI and FISME has the dual advantage of deep understanding of challenges faced by SMEs, especially in accessing adequate finance in the form of equity and debt and large outreach. Most SMEs in India are not aware of the long-term growth benefits of bringing in external equity or listing on the SME exchanges. Apart from equity, there is a huge unaddressed debt requirement of SMEs. Therefore, IFCI and FISME have felt the need for a dedicated mechanism which can handhold and build capacity of mainly small and medium enterprises so as to ensure their smooth graduation to medium enterprises and large corporates respectively. The Center of Excellence (COE) For Aspiring SMEs conceptualized by IFCI and FISME shall provide support services to help SMEs grow. This shall include resource mobilization, facilitating partnerships, joint ventures etc. The Centre of Excellence was launched in an event held on 17th February 2024 at New Delhi. The event was graced by Dr. Vivek Joshi, IAS Secretary (FS), Ministry of Finance as a chief Guest and other eminent persons associated with SME sector and Capital Markets.
Making Aspiring Small & Medium Enterprises ready for External Equity - A Handbook.pdf