Social Impact Investing in India- A Road Less Travelled

This article explores the nascent yet growing concept of social impact investing in India, focusing on Impact Bonds (IBs), specifically Social Impact Bonds (SIBs) and Development Impact Bonds (DIBs). It highlights how these innovative financial instruments attract private investment for social programs, addressing the funding gap for development. The piece discusses their structure, growth, legal framework in India, and the need for greater awareness and policy support, especially in channeling CSR funds towards these mechanisms to achieve the UN Sustainable Development Goals.