- Finance Minister has announced the setting up of a Social Stock Exchange(SSE) under the Securities and Exchange Board of India(SEBI) for listing of organisations which work for social welfare.
- The minister said that the exchange would help social and voluntary organisations which work for social causes to raise capital as equity or debt or a unit of mutual fund.
- The minister said this will be to take the capital markets closer to masses and meet the various social welfare objectives related to inclusive growth and financial inclusion.
- Social Stock Exchanges(SSE) already exist in countries such as Singapore,UK among others.These countries allow firms operating in sectors such as health,environment and transportation to raise risk capital.
1 min read