On 13th December 2023, the National Stock Exchange (NSE) celebrated India’s first-ever listing on the Social Stock Exchange segment by SGBS Unnati Foundation. The event, held at NSE’s headquarters in Mumbai, saw the fund mobilization of approximately INR 1.8 Cr. This will enable SGBS Unnati Foundation to provide training to around 10,000 graduating youths in their final years from government colleges across various states. The launch of listings on the new platform will enable social enterprises, including non-profit organizations, to access capital and raise funds for noble causes.
The Social Stock Exchange (SSE) is a visionary initiative of the Government of India, presented in the 2019 budget to foster social innovation, inclusion, and impact. It aims to provide a transparent and credible mechanism for investors to identify, evaluate, and support social ventures that are creating positive change in society.
Shri. Ashwani Bhatia, Whole Time Member, SEBI said “This is the momentous day for our country as we witness the launch of listings on a new platform that will enable Social Enterprises including Non-profit Organisations to access capital and raise funds for a noble cause.”
