FUEL's ZCZP Instruments Break New Ground on NSE's Social Stock Exchange

Friends Union for Energising Lives (FUEL) celebrated the listing of its ZCZP instruments on the NSE's Social Stock Exchange. This initiative aligns with FUEL's ongoing mission to empower underserved youth in India, offering scholarships and skills training while raising funds through an innovative zero-coupon, zero-principal instrument.

Friends Union for Energising Lives (FUEL), a non-profit organisation, has announced a significant milestone in its efforts to support underserved youth. Their ZCZP financial instruments are now listed on the NSE's Social Stock Exchange (SSE), marking a crucial step forward in the organisation's mission to drive empowerment and educational opportunities across India.

The ZCZP issue, specifically designed to provide scholarships for girls and first-generation learners, was open for subscription from March 11 to 23, successfully raising Rs 1 crore. This innovative fundraising tool does not require repayment of principal or interest upon project completion, thereby enabling NGOs to channel resources towards impactful projects seamlessly.

With the mobilisation of these funds, FUEL aims to bolster initiatives that include scholarships, digital and life skills training, career integration programs, and entrepreneurial support for individuals from economically disadvantaged communities. The SSE offers a novel platform for social impact organisations, both non-profit and for-profit, enabling them to explore alternative fundraising avenues through stock exchange listings.

(With inputs from agencies.)