City development, from ₹1,000.
Not everyone has ₹25 lakh to put into a business. That should not mean they have no way to back the place they live. This is the pathway where everyone can take part — and the one where we are most careful about what we promise.
Say the hard part first. This is not an investment. Zero Coupon Zero Principal instruments return neither your principal nor any interest. You are funding an outcome in your city, not buying an asset. If you want a financial return, this pathway is not for you and we would rather you knew that in the first paragraph than the last.
So why does this exist?
Because a city is not only its businesses. It is also the skills training centre, the diagnostic camp, the sanitation project, the school that needs a science lab. These create genuine value for a city and they will never produce a commercial return — which is exactly why ordinary funding routes ignore them.
Historically the only way to support them was to donate and hope. SEBI's Social Stock Exchange changed that by creating a regulated instrument where the money is tied to reported, audited outcomes. You do not just give — you see what the giving produced, verified by someone with professional liability attached to the verification.
Why ₹1,000 matters
SEBI reduced the minimum subscription for ZCZP instruments to ₹1,000. That single number is what makes this genuinely open rather than symbolic. A schoolteacher and an industrialist can back the same project in the same city. In every other pathway on this platform, the minimum ticket excludes most people. Here it does not.
How it works
- A non-profit or social enterprise registers on the Social Stock Exchange
- It publishes what it intends to achieve, with defined, measurable outcomes
- Contributors subscribe to ZCZP instruments from ₹1,000
- Funds are applied to the stated project
- An empanelled Social Auditor verifies whether the stated outcomes were actually achieved
- Results are reported to the exchange and visible to everyone
What you get, and do not get
- You do not get principal back, interest, dividend, or any financial return of any kind
- You may get tax treatment applicable to the organisation and instrument — confirm with your own tax adviser, not with us
- You do get an audited account of whether the outcome was delivered
If you run a non-profit or social enterprise.
Listing on the Social Stock Exchange is a real compliance process. Most organisations that would benefit from it have never been through anything like it.
Eligibility
We assess whether your organisation and its activities fall within the eligible categories, and what registration you need before you can be listed.
Outcome design
The hardest part is usually stating outcomes precisely enough to be audited. Vague intentions cannot be verified, and unverifiable projects should not be funded.
Documentation and reporting
Registration, the fundraising document, and the ongoing impact reporting that follows. This is where most organisations need the most help.
Status: this pathway is in preparation. We are building our first cohort of eligible organisations and are not currently facilitating subscriptions. Nothing on this page is an offer of any instrument.
Want to be told when this opens?
Register your interest and we will contact you when the first projects are live. No obligation, and no offer is made by registering.
Register interest