CROWDFUUNDING: A BUSINESS FUNDING OPTION

Abstract

Crowdfunding is an effort done by individuals who network and contribute all things considered for a reason or a business thought. This appears to be fundamentally same as the customary idea of philanthropy or social collaboration however not at all like funding with a target of gaining some return either money related or intangible. The present day crowdfunding is related with web and the utilization of online networking for raising support. In India crowdfunding is still in its early stage despite the fact that the potential is staggeringly high. It directly associates individuals with cash to the people who need it. It is nothing else except for the group's pocketbook. It enables enormous gatherings of individuals to supplant banks and different organizations as a wellspring or source of funds. The idea of aggregate financing of a task by a gathering of individuals is as old as time. The present day crowdfunding is the modified, web model of a similar old idea. The Web has made the whole procedure of gliding a thought and raising funds for a similar much easier, simpler and quicker. Aside from gaining admittance to reserves, another real favorable position is to getting approval of the thought or idea.