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India’s First Social Impact Bonds
January 3 , 2021
1425 days
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- The Pimpri Chinchwad Municipal corporation (PCMC) in Pune and United Nations Development Programme signed a Memorandum of Understanding to create the first Social Impact bond of India.
- The municipal administration will bear the cost of a public welfare project associated with the bond.
- A Social Impact Bond is basically a contract with public sector authority where it pays for better social outcomes.
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