Agartala, July 28: Tripura on Tuesday unveiled an ambitious strategy to tap India’s capital markets for financing state enterprises, MSMEs, Startups and accelerating private sector growth, with Chief Minister Dr. Manik Saha saying the government’s partnership with the National Stock Exchange (NSE) would reduce dependence on conventional bank financing and budgetary support while unlocking new investment opportunities.
The roadmap was outlined after the signing of three Memoranda of Understanding (MoUs) between the Government of Tripura and the NSE at Pragya Bhavan.
The agreements, signed with the State Institute of Public Administration and Rural Development (SIPARD), the Directorate of Industries and Commerce, and the Directorate of Skill Development, aim to strengthen financial literacy, entrepreneurship, investor awareness and workforce skills.
Addressing the gathering, Saha said the collaboration would enable Tripura’s businesses, particularly micro, small and medium enterprises (MSMEs), to access equity capital directly from investors, allowing them to expand operations, adopt modern technology and compete in national and international markets without relying excessively on bank credit.
He said the initiative marks a shift in the state’s approach towards financing economic growth by integrating Tripura more closely with India’s regulated capital markets under the supervision of the Securities and Exchange Board of India (SEBI).
The Chief Minister said the capital market presents a significant opportunity for Tripura’s public sector undertakings (PSUs) operating in sectors such as rubber, tea, agar, power generation and tourism.
He noted that organisations including the Tripura State Electricity Corporation Ltd. (TSECL), Tripura Industrial Development Corporation (TIDC), Tripura Housing Board (THB), Tripura Renewable Energy Development Agency (TREDA) and other state development agencies require substantial long-term capital, which cannot be met through government budgetary support alone.
He said eligible state enterprises could raise equity capital by listing minority stakes on the National Stock Exchange, enabling them to mobilise funds without increasing the state’s debt burden. Such a move, he added, would also improve financial discipline, transparency and corporate governance, making public sector enterprises commercially stronger and more competitive.
Saha said financial empowerment should no longer remain confined to metropolitan cities and traditional industrial hubs. “The time has come for the flow of capital from cities to towns and from towns to villages. Tripura must become an active participant in India’s capital market,” he said.
Recalling the financial losses suffered by thousands of investors in the Saradha and Rose Valley chit fund scams, the Chief Minister stressed that financial literacy is critical to protecting citizens from fraudulent investment schemes.
He said while capital markets have reached Tripura, awareness about investing through regulated channels has lagged behind.
He said the partnership with the NSE would strengthen investor education under the SEBI framework, helping citizens distinguish between regulated investment opportunities and fraudulent schemes, including fake trading applications, unregistered advisers and guaranteed-return scams circulating on social media.
The Chief Minister also announced that specialised training programmes in capital markets, mutual funds, insurance and investment advisory would be introduced under the Directorate of Skill Development to prepare Tripura’s youth for careers in the rapidly expanding banking, financial services and insurance (BFSI) sector. SIPARD will create a network of certified master trainers to expand investor education across the state.
Saha said that MSMEs ans Startups shall also be largely benefiting as they can raise funds for establishing business without depending on traditional government and bank loans.
Highlighting Tripura’s improving investment climate, Saha said the state’s Gross State Domestic Product (GSDP) has doubled over the past six years, while per capita income has reached the national average.
He also cited the success of the Destination Tripura Business Conclave 2026, where 466 Memoranda of Understanding worth ₹1,29,456 crore were signed across key sectors, saying the NSE partnership would help convert investor interest into projects on the ground.
He added that the state has adopted a transparent, digital governance model with single-window systems for citizen and business services, creating an enabling environment for investment and entrepreneurship.
Industries Minister Santana Chakma, Chief Secretary J.K. Sinha, Secretary Kiran Gitte, senior NSE officials, students and other dignitaries attended the programme.
