In February, 2023 the National Stock Exchange (NSE) has got the green-light from the capital markets regulator SEBI to launch its Social Stock Exchange.
What is a Social Stock Exchange?
- A Social Stock Exchange is a platform that will help social enterprises to raise funds from the public.
- It is similar to a stock exchange which helps companies raise funds from the public.
- The idea of a social stock exchange was first mooted in the Union Budget 2019-20.
- The Securities and Exchange Board of India (SEBI) had given an in-principle approval to National Stock Exchange (NSE) for setting up the exchange in December, 2022.