33 C
Monday, May 27, 2024

SGBS Unnati Foundation Marks India’s First Listing on NSE Social Stock Exchange

- Advertisement -
- Advertisement -

HT Bureau

GUWAHATI, Dec 15: In a groundbreaking moment, the National Stock Exchange of India’s (NSE) Social Stock Exchange (SSE) segment celebrated the country’s first-ever listing on December 13. The event took place at NSE’s Headquarters in Bandra Kurla Complex, Mumbai, and drew a distinguished gathering of dignitaries, non-profit organizations (NPOs), regulators, and media houses.

- Advertisement -

SGBS Unnati Foundation took the spotlight as the pioneer, raising approximately INR 1.8 crore in funds through this historic listing. These funds are earmarked to facilitate training for around 10,000 graduating youths in their final years from government colleges across states such as Uttar Pradesh, Madhya Pradesh, Karnataka, Andhra Pradesh, and Tamil Nadu.

Ashwani Bhatia, whole time member of SEBI, lauded the moment as a significant day for the country. He emphasised that the SSE, a visionary initiative by the Government of India, provides a unique platform for social enterprises and non-profit organizations to access capital for noble causes. The SSE aims to foster social innovation, inclusion, and impact, setting it apart globally.

Dr R Balasubramaniam, Chairman of the Social Stock Exchange Advisory Committee at SEBI, highlighted the event’s historical significance, stemming from grassroots efforts to bring about social change. He underscored the collective responsibility to ensure that the SSE of India becomes a global benchmark, emphasizing the need for capacity building not only for NPOs but also for regulators and exchanges.

Currently, there are 39 registered Non-Profit Organizations (NPOs) on the NSE SSE Platform. Several of these organizations have initiated fundraising processes across developmental areas such as education, skilling, agriculture, and poverty alleviation of tribal farmers. Looking ahead, numerous other NPOs intend to leverage the SSE platform for fundraising initiatives.

- Advertisement -
The Hills Times
The Hills Timeshttps://thehillstimes.in/
Welcome to The Hills Times, your trusted source for daily news and updates in English from the heart of Assam, India. Since our establishment in 2000, we've been dedicated to providing timely and accurate information to our readers in Diphu and Guwahati. As the first English newspaper in the then undemarcated Karbi Anglong district, we've forged a strong connection with diverse communities and age groups, earning a reputation for being a reliable source of news and insights. In addition to our print edition, we keep pace with the digital age through our website, https://thehillstimes.in, where we diligently update our readers with the latest happenings day by day. Whether it's local events, regional developments, or global news, The Hills Times strives to keep you informed with dedication and integrity. Join us in staying ahead of the curve and exploring the world through our lens.
Latest news
- Advertisement -
Related news
- Advertisement -
10 Breathtaking Valleys To Visit In India In 2024 Top 10 Summer Attractions In Meghalaya 10 Breathtaking Waterfalls in India 9 Adverse Effects of Air Conditioners on Health 9 Well-Known Mango Varieties Found Across India