Social Stock Exchange   The National Stock Exchange of India h | Economy Notes UPSC

Social Stock Exchange
 
The National Stock Exchange of India has received final approval from SEBI to launch a  social stock exchange as a separate segment of the NSE.

Aim: To provide new avenues for social enterprises to finance social initiatives, provide them visibility, and bring in increased transparency in fund mobilisation and utilisation.

Eligibility: Any social enterprise, Non-Profit Organization (NPOs), or For-Profit Social Enterprise (FPE) that establishes its primacy of social intent can get registered/listed on the SSE segment.

Function:

The SSE will allow social enterprises to raise capital as equity, debt, or as units like a mutual fund.

The minimum issue size is set at INR 1 crore, and the minimum application size for subscription is INR 2 lakhs for Zero Coupon Zero Principal (ZCZP) issuance.