Crowdfunding Adoption and Practices in NGOs in India
DOI:
https://doi.org/10.31305/rrijm.2022.v07.i09.008Keywords:
crowdfunding, crowdsourcing, NGOs, IndiaAbstract
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.
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