Welcoming the move, the National Stock Exchange (NSE) said the amendment would enable corporates to channel CSR contributions to eligible not-for-profit organisations (NPOs) registered on the Social Stock Exchange through ZCZP instruments.
According to NSE, the change is expected to strengthen the credibility, transparency and scale of social financing in India by allowing corporates to support impact-led organisations through a regulated and disclosure-driven platform.
Sriram Krishnan, Chief Business Development Officer, NSE, said, "This is a significant step for India's social sector, enabling corporates to deploy CSR funding through a transparent, regulated and impact-driven platform leading to strengthening trust, accountability and access to capital for social enterprises."
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