Social Stock Exchange: Listing of social enterprise and voluntary organizations

FM Nirmala Sitharaman had proposed setting up a social stock exchange for enabling social enterprises raise funds.

SEBI had formed a committee to study the proposal. The committee has submitted the report.

Social Stock Exchange is a novel concept in India. The working group had a series of consultation with various stakeholders including voluntary organizations, social enterprises and philanthropic organizations in order to assess the difficulties faced by them in raising funds/ donating funds. Some of the key recommendations are as follows:
    • Non-profit organizations can directly list on SSE through issuance of bonds.
    • A range of funding mechanisms have been recommended including some of the existing mechanisms such as Social Venture Funds (SVFs) under the Alternative Investment Funds. 
    • A new minimum reporting standard has been proposed for organizations which would raise funds under SSE.
    • For- profit social enterprises can also list on SSE with enhanced reporting requirements.
    • To encourage “giving” culture, some tax incentives have also been recommended.

Looks interesting. Should read the report..


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