Pariksha SaathiNSDC debuts on NSE's Social Stock Exchange with its first Zero Coupon Zero Principal issue; NABARD subscribes ₹4 crore
Minister of State (Independent Charge) for Skill Development and Entrepreneurship Jayant Chaudhary marked the National Skill Development Corporation's (NSDC) debut on the Social Stock Exchange (SSE) platform of the National Stock Exchange in Mumbai, the Ministry said on 22 October 2026. It was NSDC's maiden issue of Zero Coupon Zero Principal (ZCZP) instruments, to which NABARD subscribed ₹4 crore. The ₹11.25 crore programme will prepare 600 young people from economically weaker OBC households in Madhya Pradesh, including through Japanese and German language training, for jobs in Japan and Germany. Beneficiaries will meet 15 per cent of the cost and financing raised on the SSE 35 per cent, and the Madhya Pradesh government will pay the remaining 50 per cent on successful international placement, under a Social Impact Bond framework.
Drafted with AI assistance from the official PIB release linked above and checked against it by a second AI pass. Not line-edited by a human.
Learning context
A Social Stock Exchange (SSE) is a separate segment of an existing stock exchange through which Social Enterprises can raise funds from the public. A Not-for-Profit Organisation registered on it can raise funds by issuing Zero Coupon Zero Principal instruments or through donations via mutual fund schemes. The minimum issue size of a ZCZP issue is ₹50 lakh, and the issue succeeds only if at least 75% of the funds proposed are raised.
Reference: National Stock Exchange, 'Frequently Asked Questions on Social Stock Exchange'
Check yourself: what is the minimum size of a ZCZP issue, and what share of the proposed amount must it raise?
₹50 lakh; at least 75% of the funds proposed.
Revision task: from this release, note the platform, the instrument, the subscriber and its amount, the outlay, the number of youth, the two destination countries and the 15:35:50 funding split; from the note, what an SSE is, who can raise funds on it and the ZCZP issue rules.
Test yourself
Which institution subscribed ₹4 crore to NSDC's maiden Zero Coupon Zero Principal (ZCZP) issue on NSE's Social Stock Exchange in October 2026?
Show the answer
Answer: NABARD
The National Bank for Agriculture and Rural Development (NABARD) subscribed ₹4 crore to NSDC's first ZCZP issue, for a ₹11.25 crore programme preparing 600 youth from Madhya Pradesh for jobs in Japan and Germany.
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