More of the word according to Sir Ronald Cohen…
‘Only Education Can Solve Social Issues’
Haider Ali Khan – Business World
Sir Ronald Cohen, chairman of The Portland Trust and Bridges Ventures, talks to BW Businessworld about social entrepreneurship and philanthropy.
How is social impact investment going to help India?
We can help through the social impact investment by helping a poor student in getting education and preventing the dropout rate, that would be the biggest help to any student and the society. We are planning to launch a social impact bond with YES Bank to help stop the school dropout. The non-profit organisations have to work with these students. India has to tackle the education issue.
A development bond has already been used in Rajasthan to check this, especially among the girl child. In India, there are 50 impact investment management firms with over $2 billion investments.