Home » IIC Services » Industry Advocacy and Policy Support

Industry Advocacy and Policy Support


  • ag2011-02-India-1964

    Defining Impact Investing

    Impact investment is a for-profit enterprise that serves under-served beneficiaries who are producers,consumers, suppliers, employees or users; Under-served beneficiaries could also be enterprises as defined by the MSME Act 2006; Under-served beneficiaries should comprise super-majority (two-third or more) of the beneficiary base

    Read more

  • ca

    Influencing Policy through Representations made to the Government of India.

    A favorable policy environment for impact investors necessarily precludes clarity on the exact structure of the investment vehicles impact investors should adopt and the tax implications of the structure. While there are no direct regulations in place for impact investors in India.

    Department/ Ministry Date Represenation
    Ministry of Finance (MOF)
    28th January 2015
    • Recognition of SEs, Impact Investors & IIIC as a SRO.
    • SVF guidelines in AIF regulations.
    • Extending Priority Sector Guidelines (PSL)to SEs.
    • Increasing Access to ECB funding by SE.
    • National standards for Social Impact Measurement.
    Reserve Bank of India (RBI)
    15th March 2015
    • Recognition of incidental training activities as part of education.
    • Banks on-lending to HFCs and NBFCs to be treated as PSL.
    • Widen the scope of ‘healthcare facilities’ to include hospitals / related infrastructure.
    • Widen the scope of agricultural sector.
    • Inclusion of “social enterprise” in PSL.
    Securities & Exchange Board of India (SEBI)
    28th January 2015
    • Definitional Clarity of Social Venture Fund Guidelines.
    • Tax implications for Social Venture Funds.
    Department/ Ministry Date Represenation
    Niti Aayog
    6th January 2016
    • Defining SE & Impact Investing to catalyse inclusive development.
    Ministry of Finance (MOF)
    1st February 2016
    • Introducing Accredited Investor Norms for AIFs/ SVFs.
    • Charities & Public Trusts to be allowed to invest in SEs /impact funds.
    • Allowing CSR pool for social impact investing.
    • Reset minimum SVF size to INR 10 crores.
    • Defining SE & Impact Investing to catalyse inclusive development
    Department/ Ministry Date Represenation
    Ministry of Finance (MOF) 28th June 2016
    • To make India ready for Social Impact Bonds.
    • Defining SE & Impact Investing to catalyse inclusive development.

    Read more