Published Paper Details:

Public welfare expenditures often possess some kind of social impact. For a variety of reasons, but not all such expenditures succeed. Social problems such as poverty, unemployment, recidivism and other such related issues. In the present era, the emphasis is more on the environmental issues as it is influencing the living conditions of people and challenging their existence. Environmental problems are to be given due attention to bring back normalcy in the nature for the mankind to survive. The problems of environment are to be discussed in the light of financial assistance, support from the Government and other funding agencies. Furthermore, social impact investing opens up the world of social impact to private investors as well as other funders. These offer prospects for social enterprises and civil society organizations to become more significant part of delivery system. As a part of such funding is termed as "Social Impact Bonds'(SIBs). It is a contract with the public sector or Government authorities, where by it pays for better social outcomes in certain areas and passes on part of its savings achieved to investors". In this context, this paper set outs to explore the current state of Social Impact Bonds and how they are scaling up social innovations and addressing the social problems such as environmental degradation, its protection and remedies to overcome the threat from nature. The study focuses on primary as well as secondary data for analyzing the role of SIBs.