About Social Stock Exchange:
- SSE is a novel idea in India, and a stock exchange of this kind is intended to benefit the private and non-profit sectors by directing more capital to them.
- The SSE will function as a distinct division of the current stock exchanges under the new regulations.
Who can list on SSE?
- Not-for-profit organisations (NPOs) and for-profit social enterprises with social intent and impact as their primary goal will be eligible to participate in the SSE.
- The social enterprises will have to engage in a social activity out of 16 broad activities listed by the regulator. The eligible activities include-
- Eradicating hunger poverty, malnutrition and inequality
- Promoting healthcare, supporting education, employability and livelihoods
- Gender equality empowerment of women LGBTQIA communities.
- Supporting incubators of social enterprise.
- Corporate foundations, political or religious organisations or activities, professional or trade associations, infrastructure companies, and housing companies, except affordable housing, will not be eligible to be identified as social enterprises.
- According to Sebi's framework, a minimum issue size of ₹1 crore and a minimum application size for the subscription of ₹2 lakh are currently required for SSE.
