Question
What is the minimum corpus requirement for a
Social Impact Fund as per the social stock exchange framework?Solution
Key details regarding S ocial impact funds on the Social Stock Exchange:
- Minimum Corpus: ₹5 crores for each scheme. This requirement ensures that the funds have a substantial base to create a meaningful impact in their targeted social or environmental areas.
- Minimum Investment: ₹2 lakhs for individual investors, reduced to facilitate broader participation.
- Fund Structure: SIFs can invest 100% of their funds in Non-Profit Organizations (NPOs) registered or listed on the Stock Exchange .
- Grants: SIFs are allowed to accept grants of not less than ₹10 lakh from any person
The 5th edition of Khelo India University Games is scheduled to be held in which city?
Who won the silver medal in the girls’ singles at the Junior World Badminton Championship?
Economist Intelligence Unit (EIU) released the Democracy Index 2021. What is India’s rank on the global index?
- Where was the 78th British Academy Film Awards (BAFTA) held?
The Competition Commission of India appointed Rakesh Bhanot as Acting Director General. He succeeds Ansuman Pattanaik, who stepped down to take up which...
Where will the Indian AI Research Organisation (IAIRO) be established as a special purpose vehicle (SPV)?
- How many unemployed youth will receive vocational training under the ATDC-SECL MoU?
What collaboration is NHPC Limited undertaking with a Norwegian company?
Axis Bank’s “Rooftop Solar Finance” scheme for MSMEs provides loans in which of the following ranges?
Kevin O’Brien is from which country who recently announced his retirement from international cricket?
