Mumbai, May 30 -- In a move aimed at deepening India's social financing ecosystem, the Ministry of Corporate Affairs (MCA) has allowed companies to channel a portion of their corporate social responsibility (CSR) spends through the National Stock Exchange Social Stock Exchange (NSE-SSE).
A notification dated May 27 amends a schedule of the Companies Act, enabling companies to invest up to 10 per cent of their annual CSR budget in zero coupon zero principal instruments issued by not-for-profit organisations listed on the NSE-SSE platform.
The move aligns with the broader vision of leveraging capital markets for inclusive growth, potentially unlocking structured and scalable funding avenues for India's social sector. The development is expe...