Jharkhand NGOs get tips on joining Social Stock Exchange to raise funds
THE JHARKHAND STORY NETWORK Ranchi, Aug. 27: The Indian Social Responsibility Network (ISRN), in collaboration with the National Stock Exchange (NSE),…
THE JHARKHAND STORY NETWORK
Ranchi, Aug. 27: The Indian Social Responsibility Network (ISRN), in collaboration with the National Stock Exchange (NSE), organized a workshop as part of their ongoing series across multiple cities as a knowledge partner of NSE titled “SOCIAL STOCK EXCHANGE – Accelerating Social Impact.” Organised by Citizens Foundation, Ranchi, the event took place with great success and participation.
The workshop was graced by the presence of Kishore Mantri, President of the Federation of Jharkhand Chamber of Commerce & Industries. Alongside him were delegates from the National Stock Exchange, Santosh Gupta, CEO of ISRN, Manoj Kumar Singh, President of the Eastern Region Zonal Committee of Khadi Gramodyog Commission, Sudarshan, SSE, NSE Mumbai and Ganesh Reddy, CEO Citizens Foundation and Joint Secretary of the United Nations Global Compact Network India (UNGCNI). The event was also attended by the teams of ISRN and Citizens Foundation along with 50 other NGO heads across various districts of Jharkhand.
Platform to gain in-depth understanding of SSE
The workshop provided a platform for Non-Governmental Organizations (NGOs) and Non-Profit Organizations (NPOs) to gain an in-depth understanding of the Social Stock Exchange (SSE) and its potential to revolutionize social impact investing in India. Participants received valuable insights into various aspects of SSE, including improved market access, the synergy between investors and investees with social aims, performance-based philanthropy, minimal registration costs, and additional avenues for social enterprises.
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Kishore Mantri, in his keynote address, commended ISRN and NSE for their initiative, emphasizing the importance of such workshops in empowering social enterprises and enhancing the collaboration between the social sector and investors. He remarked, “The Social Stock Exchange is a transformative step towards creating a more inclusive and impactful ecosystem. I am confident that with the collective efforts of stakeholders, we can drive sustainable change and bring about a significant social impact.”
Goal is to foster knowledge and build capacity
Santosh Gupta, CEO of ISRN, highlighted the organization’s commitment to fostering knowledge and capacity-building among social sector stakeholders. He stated, “Our aim through these workshops is to create awareness and build the necessary expertise among NGOs and NPOs to effectively engage with the Social Stock Exchange. We believe that this will lead to a more structured and impactful approach to social investing in India.”
The workshop concluded with an engaging Q&A session, where participants had the opportunity to interact with the experts and seek clarifications on various aspects of the Social Stock Exchange.
This workshop marks a significant milestone in the series, reinforcing the commitment of ISRN, NSE, and Citizens Foundation to accelerating social impact through innovative financial mechanisms and collaborative efforts.
