New Delhi – Union Minister for Finance and Corporate Affairs Nirmala Sitharaman today (5 Jul) said that the government will allow listing of social enterprises and voluntary organisations on a new electronic fund-raising platform – a Social stock exchange. The move will be to help those organisations who are working for social welfare objectives and want to raise funds.
The social stock exchange will be regulated by market regulator Securities and Exchange Board of India (SEBI), Sitharaman said while presenting the Union Budget 2019-20.
The Finance Minister said that it was time to take the capital markets closer to the masses and
meet various social welfare objectives related to inclusive growth and financial inclusion.