Union Budget 2019: Social stock exchanges could soon take off in India

The Indian markets could soon see the introduction of the so-called social stock exchanges, which enable investors to make impact investing. “It is time to take our capital markets closer to the masses and meet various social welfare objectives related to inclusive growth and financial inclusion,” said Finance Minister Nirmala Sitharaman in the Budget speech. The proposed exchanges will be regulated by Sebi and will allow the listing of social enterprises and voluntary organisations. 

The FM said entities working for the realisation of a social welfare objective will be able to raise equity and debt through an electronic fund raising