Vijayawada: Educate Girls, a leading non-profit focussing on mobilising communities for girls’ education in India’s remote and rural areas, is now registered on the National Stock Exchange (NSE) under the Social Stock Exchange (SSE) segment. The NGO opened its Zero-Coupon, Zero-Principal (ZCZP) bond issue for Rs 1.3 crore on Tuesday which is available till March 15, according to a release.
Led by the Finance Minister, with an intent of making capital markets accessible to the masses and meeting developmental goals, the SSE aims to be a holistic one-stop platform where credible social enterprises with systemic capacity to create measurable social impact are listed. SSE allows listing of social impact organisations (not for profit) on stock exchanges that provide an alternative fund-raising structure.
Through the funds raised on the SSE, Educate Girls plans to improve enrolment and retention and enhance the learning outcomes in Hindi, English and Mathematics for over 7,000 marginalised children over 12 months. These children are from some of the most rural, remote, and educationally backward villages of Bahraich district, located in the north-eastern region of Uttar Pradesh at the Indo-Nepal border.
