National Skill Development Corporation (NSDC) has registered on Social Stock Exchange (SSE) whis has been done to give a further push to socio-economic progress. Through this, the government of India intends to support organisations that work towards helping underserved communities. The SSE is a platform allowing social enterprises and voluntary organizations working in the social welfare sector to be able to access a wider capital pool using tools like, debt, mutual fund, or equity. In this regard, Mr. Ved Mani Tiwari, CEO, NSDC and MD, NSDC International met with Mr. Hemant Gupta, MD, BIL Ryerson Technology Startup Incubator Foundation; Head – BSE Social Stock Exchange.
Finance Minister Nirmala Sitharaman first proposed this idea in her FY 2019-20 Budget speech. This was done to empower enterprises to raise capital. A regulated platform that brings together social enterprises and donors, facilitate funding and growth of social enterprises enabling mechanism to ensure robust standards of social impact and financial reporting.
Speaking on the occasion, Ved Mani Tiwari, CEO, NSDC and MD, NSDC International said, “Skilling can play a crucial role in incentivizing innovation and boosting income and productivity in India. By investing in skills development, we will be able to empower individuals and help them acquire the knowledge and expertise. It is my firm belief that NSDC registering on SSE will help in raising funds for skilling initiatives, scale up its reach and extend the benefits of skill training across the country.”
