Social Stock Exchanges: Philanthropy on the Bourses

This article analyses the concept of Social Stock Exchanges (SSEs) as a mechanism to democratize capital for non-profit and social enterprises in India. It reviews global precedents and India’s unique approach under SEBI’s framework, highlighting opportunities and structural limitations. The article explores how SSEs can redefine philanthropy through market-based transparency and accountability, while questioning the readiness of social organizations to adapt to financial reporting norms. It ultimately argues for thoughtful regulatory balance, stakeholder preparedness, and capacity-building to make SSEs a viable channel for social finance.