Educate Girls makes history as India’s first NGO for girls’ educatio
Mumbai, India May sixteenth, 2024: In a pioneering step in the direction of bridging the gender hole in schooling in India, Educate Girls, a number one non-profit organisation, introduced its itemizing on the Social Stock Exchange (SSE) of the National Stock Exchange (NSE). Marked by a bell-ringing ceremony, the occasion distinguished Educate Girls as the first organisation devoted to ladies‘ schooling to be listed on the SSE. Educate Girls is among the many first 10 NGOs listed on this modern platform, alongside SGBS Unnati Foundation, Ekalavya Foundation, and Swami Vivekananda Youth Movement, who’ve additionally embraced the SSE to additional their missions.
Preceding the itemizing was the profitable situation of Educate Girls’ Zero-Coupon Zero-Principal (ZCZP) bonds. These ZCZP bonds aimed to lift funds to mobilise over 7,000 marginalised kids for enrolment, retention, and improve studying outcomes in foundational literacy and numeracy in among the most distant, rural, and educationally backward villages of Bahraich district, in northeastern Uttar Pradesh on the Indo-Nepal border.
The bell-ringing ceremony witnessed the participation of supporters of ladies’ schooling. Notable supporters embody EdelGive Foundation, Zerodha, and A.T.E. Chandra Foundation. The occasion was attended by Dr Harish Ahuja, Head, Sustainability, Products & Strategy Development (Carbon & Power Markets), Investor consciousness/Service, Primary Markets Relationships, National Stock Exchange (NSE) who congratulated Educate Girls and the whole workforce. He appreciated the modern use of expertise and predictive algorithms by Educate Girls for social affect.
“An inventory on the Social Stock Exchange is a major milestone, not simply for Educate Girls, however for each lady combating for her proper to schooling. With the SSE itemizing, we’re setting a precedent that opens many doorways for targeted investments in the direction of creating gender equality in schooling. We are immensely proud to be on the coronary heart of carving out the trail in the direction of an equitable future,” mentioned Safeena Husain, Founder and Board Member, Educate Girls.
“The SSE initiative is an modern monetary avenue endorsed by the Honourable Finance Minister, geared toward connecting social enterprises with affect traders. We are excited to be one of many first 10 NGOs to be listed on this initiative, which unlocks new potentialities for nation constructing. The introduction of Educate Girls into this community displays a maturing ecosystem that values social returns on funding, setting a benchmark for future listings,” mentioned Maharshi Vaishnav, CEO of Educate Girls.
As Educate Girls continues to champion the reason for accessible schooling for all ladies, this itemizing on the SSE is a name to motion for traders and policymakers to view schooling by a lens of sustainability and social affect. The success of this initiative is a testomony to what might be achieved when innovation is harnessed to serve humanity’s most urgent wants.
