New Delhi: India's markets regulator, Securities and Exchange Board of India, on Monday proposed incentives for certain categories of retail investors to encourage them to invest in public issues of debt securities.

The consultation paper proposed to permit issuers to offer incentives in the form of a higher coupon rate or a discount to the issue price to allottees such as senior citizens, women, armed forces personnel, and retail subscribers.

The SEBI highlighted the need for promoting the development of the bond market, saying that the data on public issuance of NCDs showed that the amount of public debt issues has reduced from Rs 19,168 crore in FY24 to Rs 8,149 crore in FY25.

The regulator has sought public comments on the proposal by November 17.

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