2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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BMC
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PCMC
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RMC
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CMC
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Detailed explanation-1: -The Pimpri Chinchwad Municipal Corporation (PCMC) signed an MoU with UNDP India to co-create India’s first Social Impact Bond (SIB).
Detailed explanation-2: -UPSC Mains. Q. Which state’s Municipal Corporation partnered with UNDP India to launch India’s first Social Impact Bond (SIB)? Notes: The Pimpri-Chinchwad Municipal Corporation has signed an MoU with UNDP India to create India’s first Social Impact Bond (SIB).
Detailed explanation-3: -The first social impact bond was issued in 2010 by Social Finance Ltd. 2 So far, social impact bonds have only been issued by the public sector, but in theory, private sector organizations can also issue them.
Detailed explanation-4: -UPSC Mains. Q. Which institution launched the first ‘Impact Bond’ for skilling in India? Notes: The National Skill Development Corporation (NSDC) launched the first and the largest ‘Impact Bond’ for skilling in India.
Detailed explanation-5: -Impact Bonds (“IBs”) are innovative financial instruments that pull private investment to finance high-impact social programs. The implementation of impact bonds aids in financing early childhood education, global health, and workforce development, including recidivism and employment.