Social Stock Exchange in India - A Framework Study of Proposed Exchange

Sadhwani, Rajesh; Rajput, G. G.; Arcot, Purna Prasad; Rathore, Nikita

doi:10.2139/ssrn.4466696

SSRN Journal

2023

DOI: 10.2139/ssrn.4466696

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Social Stock Exchange in India - A Framework Study of Proposed Exchange

Rajesh Sadhwani

G. G. Rajput

Purna Prasad Arcot

et al.

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2024

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Social Stock Exchange: A Breakthrough Towards Mainstreaming Sustainable Finance in India?

Adhya,

Sahoo

2024

jlsdgr

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Objectives: The study aims to explore the establishment of a Social Stock Exchange (SSE) in India, a unique initiative under the Securities and Exchange Board of India (SEBI). The objective is to analyze its potential to provide a funding platform for social and voluntary organizations focused on social welfare and its alignment with India’s goals, such as decarbonization and addressing inflation-induced public spending constraints. Methods: A review of key developments surrounding SSE, including its announcement in the 2019-20 budget, SEBI's in-principle and final approvals, and its integration into the Bombay Stock Exchange as a standalone section, forms the core methodology. The analysis draws on opinions from social entrepreneurs and evaluates SSE’s ability to offer equity, debt, and mutual fund instruments as capital-raising avenues. Results: The findings indicate strong support for SSE among social entrepreneurs, who see it as a solution to challenges like constrained public spending and reduced foreign funding for NGOs. SSE is positioned as a transformative tool to enable voluntary and social organizations to achieve their goals, particularly in areas like decarbonization and social welfare. Conclusion: The Social Stock Exchange represents a novel approach to bridging social welfare objectives and financial markets in India. Its successful implementation could empower social organizations, enhance funding access, and support national priorities. However, strategic planning and policy frameworks will be crucial to ensure the platform's long-term viability and effectiveness.

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Social Stock Exchange: A Breakthrough Towards Mainstreaming Sustainable Finance in India?

Adhya,

Sahoo

2024

jlsdgr

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show abstract

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Social Stock Exchange in India - A Framework Study of Proposed Exchange

Cited by 1 publication

References 0 publications

Social Stock Exchange: A Breakthrough Towards Mainstreaming Sustainable Finance in India?

Social Stock Exchange: A Breakthrough Towards Mainstreaming Sustainable Finance in India?

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