Indian School of Development Management creates eligibility portal for Social Stock Exchange with SEBI
Portal inaugurated by Guest-of-Honour and SEBI Chief Madhabi Puri Buch who joined the event online from Mumbai during the convocation ceremony for the fifth batch of its flagship Post Graduate Program in Development Management (PGP-DM)
New Delhi : Indian School of Development Management (ISDM), a pioneering institute committed toward developing and strengthening the domain of Development Management as separate from the tenets of business management, has created a comprehensive eligibility portal for the Social Stock Exchange (SSE) together with SEBI.
The portal has been designed to help non-profit organisations determine their eligibility and requirements to apply for resources from the SSE platform. It was unveiled by the institute during the convocation ceremony for the fifth batch of its flagship post graduate program in Development Management (PGP DM).
SEBI Chief Madhabi Puri Buch was the guest of honour at the event who joined the ceremony online from Mumbai. She inaugurated the SSE eligibility portal after delivering the keynote speech.
Highlighting the significance of the Social Stock Exchange and the eligibility portal in her keynote speech, Madhabi Puri Buch said, “We wish to create a high level of transparency and assured disclosure through the social stock exchange to build trust for those who wish to contribute capital to social causes. It is our hope at SEBI that social investment becomes an integral part of their investment portfolios and becomes accepted as an independent asset class in the markets. This will enable social purpose organisations to have access to capital.”
Congratulating the outgoing batch, she expressed her admiration for ISDM’s growth in its mission to create a cadre of professionals for social purpose organisations in the sector.
Ravi Sreedharan, ISDM Co-founder and President, said, “The work that SEBI and ISDM have done together on the eligibility portal for the social stock exchange is truly nation building. The ground has finally been set for Samaaj, Sarkar and Bazaar (society, administration and markets) to work together and address vital funding needs for social sector requirements.”
He added, “In the seven years since our birth, the organisation has made remarkable and important strides in breaking barriers in its academic programs, its research and knowledge creation and in its models for use and application for social impact. Our students and alumni are the flag bearers of the values, thoughts, creativity and transformation that the organisation was founded to achieve. Our now-sizable alumni are making strides as development managers, leaders, social entrepreneurs, academia and researchers.”
Trisha Varma, Director Global Knowledge Hub said, “The SSE eligibility portal has been designed as part of a project for our centre-of-excellence on social finance. ISDM will continue work to make research, tools and social financing frameworks available to social impact organisations in order to harness their potential and seek appropriate funding and support from the larger industry.”
The fifth batch of the PGP DM program comprised 39 students from across India with diverse backgrounds. The batch achieved 100% placement with more than 200 organisations participating in the placement process with more than 320 roles for the students to consider.