Crowdfunding Adoption and Practices in NGOs in India

Authors

  • Urvashi Suryavanshi Ph.D. Research Scholar, Department of IMSAR, Maharshi Dayanand University, Rohtak (Haryana)

DOI:

https://doi.org/10.31305/rrijm.2022.v07.i09.008

Keywords:

crowdfunding, crowdsourcing, NGOs, India

Abstract

NGOs are crucial to the expansion of social cause requirements. There are numerous small NGOs in India working for a range of social concerns that support the uplift of the poor. Funding is the main requirement for an NGO to operate efficiently. In the past, whenever a non-profit organisation (NGO) needed money, they would need to plan fundraising events or approach businesses or wealthy individuals. This approach is effective, but it can eventually become tedious. Some new sources of funding for NGO projects are emerging as investment mechanisms change. In this essay, we talk about how popular it is for NGOs to use crowdfunding as a source of fundraising. With the advancement of the internet and information technology, crowdfunding has seen tremendous growth in recent years. The main goal of this essay is to define crowdfunding and describe its various forms for NGOs in India. Evaluation of the benefits, precautions to be taken, and risk associated with crowd fundraising. Crowd fundraising may be encouraged by India's expanding economy. how well the NGOs are at luring Indian investors.

Author Biography

Urvashi Suryavanshi, Ph.D. Research Scholar, Department of IMSAR, Maharshi Dayanand University, Rohtak (Haryana)

Urvashi Suryavanshi received her B. Com degree from D.N. college Hisar, Haryana, in 2018. She received her M. Com degree from Govt. PG college Hisar, Haryana, India in 2020. Currently, she is pursuing in Ph.D. degree in finance area with Maharshi Dayanand University Rohtak, Haryana. The author also has published entitled “Financial Performance Analysis of Small Finance Banks in India: An Eagle Model Approach”.

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Published

20-09-2022

How to Cite

Suryavanshi, U. . (2022). Crowdfunding Adoption and Practices in NGOs in India . RESEARCH REVIEW International Journal of Multidisciplinary, 7(9), 53–60. https://doi.org/10.31305/rrijm.2022.v07.i09.008