What is Crowdfunding?

Crowdfunding is a method of raising capital through the collective effort of a large number of individuals, typically via the internet. This approach leverages the vast networks of people through social media and crowdfunding websites to bring investors and entrepreneurs together, with the potential to fund projects or ventures that might not otherwise have access to traditional funding sources. Crowdfunding has democratized the funding process, allowing anyone with a compelling idea or cause to seek financial support from the broader community.

What documents are required for anyone to submit in order to withdraw the funds raised by NGO in India?

Once Samaksh Foundations' NGO account is activated, you can provide the beneficiary's bank account details along with photocopies of the required documents: For Non-FCRA Bank Documentation: Address Proof (Any one of the following): Bank Statement 80G Certificate 12A Certificate Bank Passbook Trust Deed Registration Certificate (with Address) Utility Bill (last three months, excluding internet bills) Land Deed/Rent Agreement Incorporation Certificate Form 10AC FCRA Certificate (with Address) Non-FCRA Cancelled Cheque (Any one of the following): Non-FCRA Cancelled Cheque Bank Statement Bank Details Letter with bank stamp and signature Bank Passbook PAN Card (Mandatory) Upload of Registration Certificate/Trust Deed/Incorporation Certificate along with MOA (all pages, with seal/stamp). For FCRA Bank Documentation: Address Proof (Any one of the following): Bank Statement 80G Certificate 12A Certificate Bank Passbook Trust Deed Registration Certificate (with Address) Utility Bill (last three months, excluding internet bills) Land Deed/Rent Agreement Incorporation Certificate Form 10AC FCRA Certificate (with Address) FCRA Cancelled Cheque (Any one of the following): FCRA Cancelled Cheque Bank Statement Bank Details Letter with bank stamp and signature Bank Passbook Valid FCRA Certificate (must indicate validity period, NGO name, and account number) PAN Card (Mandatory) Upload of Registration Certificate/Trust Deed/Incorporation Certificate along with MOA (all pages, with seal/stamp).