Question 6GS2GS2
Outcome-based finance models such as social impact bonds have the potential to truly catalyse change and deliver socio-economic impact at scale. Discuss. (Answer in 150 words)
Main Body
Social Impact Bonds are financial instruments used to raise funds for projects that help in achieving socio-economic goals. TGP Green BondsPune, Mumbai: Local Body for Outcome-Water sanitation Potential to Catalyse Change & Deliver Socio Economic Impact at scale(1) Raise funds for long gestation period projects 1i) TGP highway project linking tribal districts with health centres. (2) Raise funds for projects with low economic returns 2i) TGP for project aimed at improving nutritional outcome of a rural community (3) Social infrastructure requirements 3i) TGP improving socio-economic indicators, Aspirational district Programme of NITI Aayog. (4) For risky but essential Projects 4i) TGP school/college construction in live wing extremism affected districts limitationslack of support, lack of subscribers, poor financial literacy TGP/exchanges Thus, government with the help of SEBI & RBI needs to deepen the social impact bond market
139 words1 paragraphs
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Topper
Suvan Sharma
AIR 1482023
Subject & Paper
GS2GS2
Topic
Government Policies and Interventions - Design, Implementation and Issues
Innovative Financing Models
Social Impact Bonds
Writing Stats
139
Total words
1
Paragraphs