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Crowdfunding is the practice of funding a project or business by raising money from a large number of people, usually via the internet. Crowdfunding is a form of crowdsourcing and alternative financing. In 2015, over 3 million was raised worldwide through crowdfunding.
The term crowdfunding refers to intermediary registrations on the Internet, although a similar concept can also be applied to mail-order subscriptions, perks opportunities, etc. This modern model of crowdfunding generally relies on three types of participants: the initiator of the project who proposes an idea or a project to be financed, the individual or the group who supports the idea and the moderating organization (“platform”) where the parties meet. the idea. Donation-based crowdfunding is a collective effort by individuals to help a charitable cause. In donation-based crowdfunding, money is raised for religious, social, environmental or other purposes. Donors come together to create an online community around a common cause to help fund services and programs to address a variety of issues, including health care and community development. The most important aspect of donor-based crowdfunding is that donations are not rewarded; instead, it is based on altruistic reasoning on the part of the donor. Ethical concerns have been raised about the growing popularity of donation-based crowdfunding, which can be affected by fraudulent activity and privacy issues.
Donation-based crowdfunding is a method of raising funds for a project by asking a large number of contributors to individually donate small amounts of money to the project. In return, supporters receive reward tokens whose prestige increases with the size of the donation.
Therefore, equity-based crowdfunding is prohibited in India, although donation/reward-based crowdfunding is not prohibited, and such crowdfunding is mostly done online. Crowdfunding based on donations/rewards, although legal, is not regulated.
Types of Crowdfunding
(1) Donations: Donation-based crowdfunding is the giving of money to an event, business or individual without compensation. …
(2) Debt: Debt-based donations are peer-to-peer (P2P) lending and a form of crowdfunding. …
(3) Reward: This is what the donor receives in exchange for his donation.
People can get tax benefits while contributing through crowdfunding. As there are many NGOs/non-profit organizations in India, most of them are allowed to provide tax exemption certificates to donors. These associations have access to crowdfunding platforms, and if a person contributes to these causes, they are entitled to tax benefits.
In its simplest form, crowdfunding is the practice of providing monetary funds to overcome specific social, cultural or economic barriers that individuals face in their daily lives.
Example: Suppose a person is unfortunately involved in a road accident. His medical and hospital bills began to pile up. Now he needs Rs.500,000 to cover costly medical bills. Luckily, his best friend registered on the aashra global impact foundation platform and went through the process of submitting valid documents required for verification. Within minutes, he had launched a crowdfunding campaign to raise money for his friend’s medical bills. The event can now be shared with all his relatives and loved ones via WhatsApp, Instagram, Twitter, Facebook and email. Within minutes, funds began to flow in to to meet the injured friend’s financial needs.
What we do
Features
Why Choose Us
Fast & Easy Payouts
With Instant Payouts, you can immediately send funds to Your account’s
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Global Payment Processing
wherever your Donor are
Credit cards · Debit cards · Digital wallets, UPI
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Safe & Secure Payment
A secure payment gateway is the best tool for protecting your payment systems.
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Highest Success Rates
the average success rate of crowdfunding campaigns is a scant 92.4%.
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Our Mission
Make health care affordable to save lives today while ensuring a better future for your family.
We create innovative technologies and fundraising solutions that enable people to raise funds for medical emergencies and serious illnesses, and raise money for a range of social and personal causes. Hundreds of thousands of people use our platform to change lives through timely donations, fundraising and actions.
15 Years Of Experience In Crowdfunding