Mumbai, March 11 The zero-coupon, zero-principal issue of the non-profit organization FUEL opened for subscription on the NSE's Social Stock Exchange on Wednesday.
The Rs 1 crore ZCZP instrument will remain open for subscription until March 23. The NGO will list the instrument on March 26 on the NSE Social Stock Exchange.
Zero-coupon, zero-principal (ZCZP) bonds have been priced at Re 1 per bond with a minimum lot size of 1,000. The Sebi-approved instrument will donate money to non-profit organizations listed on the Social Stock Exchange.
Funds raised through the SSE will support scholarships, digital and life skills training, workforce integration initiatives, and entrepreneurship guidance for students and adults from economically disadvantaged backgrounds, Friends Union for Energizing Lives (FUEL) said in a statement.
The NGO also aims to empower economically disadvantaged students by offering a BBA program approved by the All India Council for Technical Education (AICTE), affiliated with Savitribai Phule Pune University, ensuring comprehensive support for academic and career growth, it added.
"FUEL has trained over 2.9 lakh young people in future-ready skills and awarded over 2,900 scholarships, consistently delivering strong employment outcomes," its founder and Chairman said.
The listing on the Social Stock Exchange (SSE) strengthens our commitment to transparency, governance, and measurable impact. It enables citizens, corporations, and institutions to participate in nation-building through structured education funding, he added.