Finance minister Nirmala Sita Raman said it is time to take our capital markets closer to the masses. Sebi has given the nod to BSE or Bombay Stock Exchange to set up a social stock exchange. Social impact enterprises, those feeding underprivileged children, fighting climate change and working on gender equality could all begin raising money via this stock exchange.
In today’s episode for 14th October 2022, we offer a simplified take on how India is trying to democratise access to capital for charities and social impact companies.