A New Dawn for NGOs

A New Dawn for NGOs

The idea of a Social Stock Exchange (SSE) was introduced by Union Finance Minister Nirmala Sitharaman in the July 2019 Budget. The SSE is envisioned as a bridge between NGOs, social enterprises, and capital markets. This innovative platform aims to unlock new sources of capital, democratize donations, enhance transparency, and boost accountability. By creating a structured environment, the SSE facilitates systematic funding and investment in the social sector, fostering sustainable growth and impact.

The introduction of the Social Stock Exchange (SSE) marks a new era for Indian NGOs, addressing critical challenges and providing essential tools for their growth. This platform not only increases the visibility and funding of NGOs but also integrates them more deeply into the mainstream economic framework.

By nurturing the NGO sector with enhanced resources and regulatory support, the SSE sets a hopeful precedent for empowering non-profits in India and globally. With the backing of the SSE, Indian NGOs are better equipped to drive profound and sustainable societal transformations, ensuring their missions continue to resonate and positively impact the communities they serve.

The success of the SSE relies on the collective efforts of all stakeholders—government, private sector, and civil society. A "Viksit Bharat" (Developed India) can only be realized when society, the State, and markets collaborate effectively. The SSE offers a unique opportunity for this collaboration, making it a cornerstone for more inclusive and responsive societal development. Let us unite to make the SSE a resounding success, shaping a future where Indian NGOs significantly contribute to our nation’s progress.

Srashti Jain

principal of Jainam heritage public school

6 个月

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Srashti Jain

principal of Jainam heritage public school

6 个月

Please connect with me.....

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