Next In Social Stock Exchange

The finance minister announced the setting up of a Social Stock Exchange (SSE) in July 2019 with the expectation of producing a major shift in social sector project funding. A fully functional SSE can prove to be a game changer for the sector, considering the scenario.  Companies providing social support in areas like health, education, transport and solar energy can seek listing in this exchange. Why do we need them? Social Stock Exchanges (SSEs) are trading platforms that allow social businesses raise capital by attracting ethical investors willing to invest in dual corporate and social mission. While several countries have attempted full scale SSEs or equivalents with differential levels of success, the Indian government has asked Securities and Exchange Board of India (Sebi) to prepare the roadmap and set up SSE. UNDP estimates that India needs $1 trillion per annum to meet the...