Read on for more details on the recommendations of SEBI's working group on the SSE
I. Roopa Kudva, member of the SEBI working group on Social Stock Exchange, shares a simple guide on how NGOs can benefit from the recommendations of SEBI's committee for a Social Stock Exchange in an op-ed which appeared in Mint.
"The committee hoped to do more than create a matchmaking platform for donors and non-profit and non-governmental organizations (NGOs). It took a holistic approach towards the overall development of the social sector, and so its recommendations cover a broad range of areas"
II. In a three-part series for BloombergQuint, Indradeep Ghosh and Deepti George of Dvara Research, help decode important recommendations of the Social Stock Exchange report.
i) "The Social Stock Exchange report, prepared by a SEBI-appointed Working Group, envisions a paradigm shift for the social sector ecosystem and especially for non-profit organisations. The key objective of such an exchange will be to unlock large pools of capital and their channelling through scalable instruments and structures to NPOs."
To know more about how organisations can unlock new pools of capital, read the full blog here.
ii) "One of the main hurdles that non-profit organisations (NPOs) face in securing financing from a wide variety of sources is the lack of robust information about their activities. To mitigate this problem, the establishment of a Social Stock Exchange (SSE) will prompt all NPOs that access capital through it, to submit to a minimum reporting standard. In this article, they describe what is to be gained by NPOs conforming to the standard - namely, access to finance in a variety of forms, owing to the higher quality of information that will now be available to funders."
To know more on the new funding avenues for NPOs, read the full blog here.
iii) "The majority of the recommendations in the Social Stock Exchange (SSE) report, prepared by a SEBI-appointed Working Group, are focused on non-profit organizations (NPOs). In this article, they direct our attention to the remainder of the recommendations, primarily designed to attract funders and NPOs onto the SSE platform. The working group has also devoted a chapter in the report to for-profit enterprises, and they briefly discuss them in this article as well."
To know more on the tax and policy recommendations proposed in the report, read the full blog here.
Why the Social Stock Exchange Matters for the Non- Profit Sector
The Centre for Social Impact and Philanthropy (CSIP) and Omidyar Network India hosted a discussion on the Social Stock Exchange working group's recent report and how this concept could provide additional funding opportunities for India's nonprofits.
The discussion was attended byAmarjeet Singh, Executive Director, SEBI, Ishaat Hussain, Chair, SEBI workinggroup on SSE, Roopa Kudva, member of the SEBI working group & MD, OmidyarNetwork India along with domain experts, Chetna Gala Sinha, Founder, ManndeshiBank & Foundation, Geeta Goel, Country Head, Michael & Susan DellFoundation, Noshir Dadrawala, CEO, CAP India, Samir Shah, Executive Vice Chair& Group President, Dvara Research, Dr Sanjay Patra, Founder, INDIAdonates,Sanjay Agarwal, Founder, DevelopAid, and Ingrid Srinath, Director, Centre forSocial Impact and Philanthropy, Ashoka University.
Omidyar Network India invests in bold entrepreneurs who help create a meaningful life for every Indian, especially the hundreds of millions of Indians in low-income and lower-middle-income populations, ranging from the poorest among us to the existing middle class. To drive empowerment and social impact at scale, we work with entrepreneurs in the private, nonprofit and public sectors, who are tackling India’s hardest and most chronic problems. We invest in the areas of Digital Society, Education, Emerging Tech, Financial Inclusion, Cities & Innovation and Property Inclusivity. Omidyar Network India is part of the Omidyar Group, a diverse collection of companies, organizations and initiatives, supported by philanthropists Pam and Pierre Omidyar, founder of eBay.