The Securities and Exchange Board of India (SEBI) has significantly lowered the minimum investment requirement for individual investors in Social Impact Funds from ₹2 lakh (approximately $2,400 USD) to ₹1,000 (approximately $12 USD). This amendment to the Alternative Investment Fund (AIF) regulations is designed to encourage greater retail participation in the Social Stock Exchange (SSE). The revised threshold aligns with the minimum application size for zero coupon zero principal instruments under the ICDR regulations, streamlining entry requirements for investors. Additionally, SEBI has introduced a framework allowing AIFs that do not retain funds after their fund life to be classified as 'inoperative funds,' which will ease compliance requirements. Other changes include extending the registration validity for not-for-profit organizations to three years without mandatory fundraising and reducing the minimum subscription requirement for zero coupon zero principal instruments from 75% to 50% for eligible projects.