Industry Advocacy and Policy Support

We make efforts towards influencing policy through representations made to the government of India.

2020-21
Department/ Ministry Date Representation
Niti Aayog 19th May 2020 Amalgamating social impact with returns
Ministry of Finance 19th May 2020 Ministry of Finance – Requesting for specific support allocation for the social impact enterprise sector within the Aatmanirbhar package and beyond
SEBI 21st Jan 2021 Developing a definition of social enterprise and strengthening the framework for reporting impact
SIDBI 1st April 2021 Requesting for specific support allocation for the social impact enterprise sector within the Aatmanirbhar package and beyond
2019-20
Department/ Ministry Date Representation
Parliamentary Standing Committee on finance 20th January 2020 Recommendations on Alternate Investment Funds
2018-19
Department/ Ministry Date Representation
IIC Recommendations to HLC on CSR 3rd Decemeber 2018 Recommendations’ for the Deployment of CSR Funds through AIFs & Social Businesses.
2017-18
Department/ Ministry Date Representation
Amar Singh Bhatia
Ministry of Corporate Affairs 30 Nov 2017 Recommendation to GOI to Enable Investment of CSR Funds in SEBI- registered Category 1, Social Venture Funds
Injeti Srinivas
Ministry of Corporate Affairs 30 Nov 2017 Recommendation to GOI to Enable Investment of CSR Funds in SEBI- registered Category 1, Social Venture Funds
Ministry of Finance 22 November 2017 Recommendation to GOI to Enable Investment of CSR Funds in SEBI- registered Category 1, Social Venture Funds
2016-17
Department/ Ministry Date Representation
Ministry of Finance (MOF) 28th June 2016
  • To make India ready for Social Impact Bonds.
  • Defining SE & Impact Investing to catalyse inclusive development.
2015-16
Department/ Ministry Date Representation
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
2014-15
Department/ Ministry Date Representation
Minister of Finance, Arun Jaitley 19 February 2015 2015 Budget Representation from Impact Investors Council & Request for Meeting
Ministry of Finance 28 January 2015 Note to Shri Jayant Sinha from IIC, IVCA, TiE Delhi-NCR, NASE, Indian Angel Network
MoF, Government of India 28 January 2015 Representations on proposed amendments regarding india’s “Impact Investing” industry
Reserve Bank of India Feb 2015 Recommendation from Impact Investors Council (“IIC”) on the Reserve Bank of India (“RBI”) Report to Revisit the Existing Priority Sector Lending Guidelines.
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.

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