dia is considering a novel way for its social enterprises and voluntary organisations to raise funds.
Presenting the union budget on July 5, finance minister Nirmala Sitharaman proposed to set up a “social stock exchange,” under the markets regulator Securities and Exchange Board of India (Sebi),where shares of commercial businesses that do social work would be listed and traded.
“It is time to take our capital markets closer to the masses and meet various social welfare objectives related to inclusive growth and financial inclusion,” said Sitharaman.
Thanks for supporting our journalism! You’ve hit your monthly article limit. Become a member to help build the future of Quartz.
Get unlimited access to Quartz on all devices. Unlock member-exclusive coverage, CEO interviews, member-only events, conference calls with our editors, and more.