<h1>India's 2019-20 Budget Proposes Social Stock Exchange for Social Enterprises Under SEBI for Enhanced Fundraising.</h1> The Union Budget 2019-20 proposes establishing a social stock exchange under the Securities and Exchange Board of India (SEBI) to list social enterprises and voluntary organizations. This initiative aims to bring capital markets closer to the public and support social welfare and financial inclusion. The Finance Minister emphasized creating an electronic fundraising platform for these organizations to raise capital through equity, debt, or mutual fund-like units. Additionally, the government plans to enhance the inter-operability of Reserve Bank of India (RBI) and SEBI depositories to facilitate the seamless transfer of treasury bills and government securities, in collaboration with RBI and SEBI.