India wants to use its stock market to raise funds for social causes.
The country's securities regulator has approved the setting up of the Social Stock Exchange, which will operate within the Bombay Stock Exchange, the country's largest, Eco-Business reports.
The exchange will allow non-profit companies and those working toward social causes to list their shares and trade them for a range of causes, including aleviating poverty and providing affordable housing.
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Meticulon, a project of Autism Calgary Association in partnership with the federal government and the Sinneave Family Foundation, operates as a social enterprise that renders high-tech services provided by people with autism, leveraging their natural abilities at requiring attention to detail, repetition, and sequencing.