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.
Q1) What is the National Stock Exchange of India?
National Stock Exchange of India Limited is one of the leading stock exchanges in India, based in Mumbai. It is the world's largest derivatives exchange by the number of contracts traded.