The National Stock Exchange (NSE) has unveiled the first five Non-Profit Organizations (NPOs) listed on its groundbreaking Social Stock Exchange (SSE) platform. But what exactly does this mean, and how will it impact society?
The SSE platform serves as a bridge between financial markets and social welfare objectives, providing a structured mechanism for NPOs to raise funds for their impactful initiatives. Swami Vivekananda Youth Movement (SVYM), Transform Rural India, Mukti, Ekalavya Foundation, and SGBS Unnati Foundation are the pioneers leading this charge.
Through these listings, the SSE platform has mobilized approximately INR 8 Crore, which will be directed towards various developmental projects spanning education, skill development, agriculture, livelihoods, and women empowerment.Notable among the attendees was the presence of Smt. Nirmala Sitharaman, Hon’ble Minister of Finance and Corporate Affairs, Government of India, who commended the NSE’s initiative in fostering impactful finance mechanisms for social welfare.
