A Social Stock Exchange (SSE) is a platform where social enterprises (SE) and voluntary organisations can raise funds from the public for social welfare. This paper aims to delve deeply on the role of social stock exchange in the Indian economy. In order to attain the objectives of the paper, secondary data are used and these data are gathered from various published reports of SEBI, newspapers, news channels and websites. Discussions with eminent persons of non-profit organisations (NPOs) are also used. The present paper is qualitative in nature and focuses on the concept, features and need of the social stock exchange. It highlights the global scenario of social stock exchange and journey of the same in India. It also finds the new opportunities after establishment of social stock exchange and suggests tax incentives to investors. It also discusses the qualified companies, their eligibility for registration on the SSE, and the various fund-raising options available to non-profit organizations and for-profit social enterprises (FPE). Further, it tries to identify the challenges and limitations of social stock exchange in Indian context. The study also shows how this new concept will significantly contribute to the achievement of the United Nation’s Sustainable Development Goals (UN SDGs) by 2030, as well as India's transition to Viksit Bharat in 2047.