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Govt to set up 'social stock exchange' to raise capital: FM in Budget 2019

Presenting her maiden Union Budget, the Minister said that the exchange would help social and voluntary organisations which work for social causes

IANS  |  New Delhi 

NGO, social worker, anganwadi
Representative Image

Finance Minister Nirmala Sitharaman on Friday announced the setting up of a social stock exchange under the Securities and Exchange Board of India (SEBI) for listing of organisations which work for social welfare.

Presenting her maiden Union Budget, the Minister said that the exchange would help social and voluntary organisations which work for social causes to raise capital as equity, debt or a unit of mutual fund.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Fri, July 05 2019. 11:50 IST
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