Indian Finance Minister Nirmala Sitharaman has recently announced in the Union Budget that the government proposes to create a social stock exchange (SSE). This social stock exchange will support social enterprises and voluntary organizations so that they attempt to raise capital.
Gajendra Singh Shekhawat, Union Cabinet Minister in Ministry of Jal Shakti, has proposed a detailed road map to support strategic and long-term planning for the next five years.
The proposal has received a positive response among the social enterprise sector in India, where local social enterprises can have better visibility and grow capital.
Indulekha Aravind, editor of The Economic Times, broadly explains that a social stock exchange is a platform that enables "investors to buy shares in a social enterprise that has been vetted by the exchange."
SSEs exist in different countries in various forms. Aravind lays out a few global models.
They include:
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Rivaayat is an initiative by Shri Ram College of Commerce, Delhi to revive various dying art form and solve innumerable problems faced by the artisans. Rivaayat began with reviving a 20,000-year-old art form of pottery that is a means of survival for 600 families residing in Uttam Nagar, Delhi.