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India's capital markets regulator wants social enterprises that raise funds through the country's "social stock exchange" to submit an annual impact report by Oct.
31, 2024, the Economic Times reports.
The report would "capture the qualitative and quantitative aspects of the social impact generated by the social enterprise," the Securities and Exchange Board of India said in a Monday circular.
The social stock exchange, a separate segment of the existing stock exchange, helps social enterprises garner funds from public through the stock exchange mechanism.
Social enterprises eligible to participate in the SSE are entitiesNPOs and for-profit social enterpriseshaving social intent and impact as their primary goal.
Also, such an intent should be demonstrated through its focus on eligible social objectives for the underserved or less privileged populations or regions.
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 of women and LGBTQIA+ communities; and supporting incubators of social enterprise.
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