Nuanced policy measures, a regulatory overhaul, organization building and improved transparency will enable them to do work that helps our economy emerge more equitably.
“All my life has been about creating organisations which can scale and create behavioural patterns which are socially desirable and do collective good. That is where the stock exchange comes in so that we are able to create trust where a person sitting in Jorhart or Dibrugarh is able to put in her hard-earned Rs 10,000 or Rs 1000 in a company in Salem.”
A nonprofit wishing to list on a social bourse needs to first register with it and meet a host of criteria, make annual disclosures and produce extensive documentation, just as a company planning an IPO would. This includes a detailed fund-raise document with financial statements, risks, past social impact and the strategy to achieve its vision.
Just about 20 Indian nonprofits had incomes of over ₹100 crore in 2021-22, with foreign-origin NGOs getting a disproportionate share, and homegrown ones struggling to scale up with uncertain funding sources. A new analysis by Sattva Consulting throws light on the budgets of India’s topmost NGOs.
Unnati Foundation Becomes The 1St NGO To Be Listed On NSE And BSE s Social Stock Exchange (SSE) menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.