Pimpri Chinchwad Municipal Corporation, Pune has recently signed an MoU with United Nations Development Programme (UNDP) India to co-create India’s first Social Impact Bond (SIB). This is the first time that a government body will act as the ‘outcome funder’ in a bond, whereas traditionally most government-funded public projects require large and early investments by the government with a substantial gestation period of outcomes and involve various kinds of risks.
WARRIOR 4.0 | Banking Awareness Batch for SBI, RRB, RBI and IBPS Exams | Bilingual | Live Class
About Social Impact Bond:
Important takeaways for all competitive exams:
Find More News Related to Agreements
Thailand’s Opal Suchata Chuangsri was crowned Miss World 2025. The grand finale took place on…
Valmik Thapar, a famous wildlife and tiger conservationist, passed away in Delhi on May 31,…
CSIR-Indian Institute of Petroleum (CSIR-IIP), Dehradun celebrated Rashtriya Boudhik Sampada Mahotsav (RBSM) 2025 on 29th…
Mary Earps, one of England's top football goalkeepers, has decided to retire from International football.…
The Central Bureau of Investigation (CBI) has arrested six people involved in a large cybercrime…
Rohit Sharma, one of the most prolific and celebrated batters in Indian Premier League (IPL)…