social impact bond Current Affairs, GK & News

India’s First Social Impact Bonds

The Pimpri Chinchwad Municipal corporation (PCMC) and United Nations Development Programme, India signed a Memorandum of Understanding to create the first Social Impact bond of India. What are Social Impact Bonds? A Social Impact Bond is also called pay-for-success bond or pay-for-success financing. A Social Impact Bond is basically a contract with public sector authority ..