In India, agricultural crowdfunding is very attractive for Indian beginning farmers who are particularly growing agriproducts that take many years to produce revenue. Consequently, the young farmers won’t see any early profit from the investment
The concept of crowdfunding is not a new one for India. We have been using this tool for fund raising for religious events, community projects and even public infrastructure for ages. The only thing that has changed in the last few years is the digitisation of crowdfunding, with innovative applications in the fields like agriculture.
Social For Action crowdfunding platform has been crowdfunding farmers by raising donations for personal causes, emergencies, neighbourhood projects and social causes. In Indore, crowdfunding has been used to provide boarding, lodging and schooling for 30+ children orphaned by farmer suicides.
Indian crowdfunding platforms are using the power of the internet to tackle social causes, including education, child nutrition and support for indigent farmers. Given the country's poverty scenario, donors can make a difference with small amounts of money, and entrepreneurs get the opportunity to experiment with new ideas before pitching them to bigtime financiers or government officials.
In India we mainly evaluate the requirements of the farmers, provide funds for buying inputs and toraise the crops without using any chemicals. Monitoring is also carried out by them for ensuring the quality of the products and the produce is delivered to consumers doorsteps so that producer as well as consumer will hassles free.
In past few years, the country is experiencing the tragic news of farmers and agriculture laborers suicides in a growing rate. Major reasons behind this are repeated crop failures, difficulty in finding finance, natural calamities and sudden depletion in ground water. Generally in agriculture, a farmer himself finds the source of financing the farming activities either through banking institutions, money lenders or by ancestral money. But most of the time, farmers would end up in heavy debt and he is forced to repay the loans within the stipulated time
To meet the challenge of feeding a growing world in the face of strained food production resources, climate volatility and massive urbanization trends, it is necessary to link more capital with agriculture projects. One emerging financing trend that has the ability to significantly broaden the base of the agriculture sector investment pyramid is crowdfunding.
Through crowdfunding it is possible for agriculture project sponsors to directly reach large numbers of individual investors, broadening a project’s capital structure and experimenting with more creative investment terms and conditions
This type of funding option has the potential to expand agriculture capital markets, allow agricultural firms to build value more efficiently and involve people more directly in food production. At the same time, companies as well as investors need to analyze crowdfunding options carefully to make sure they make economic sense, are carefully structured and ideally lead to mutually beneficial investment relationships.
Indian farmers need to adopt modern machineries to increase the amount of crops in short time. Therefore Social For Action’s agriculture crowdfunding a unique platform to raise fund for various agricultural projects in India.
Several Indian agriculture fundraising platforms are existing and are contributing to unlock arable land, improve the performance of small farmers in India and deliver strong returns to small savers and investors.
The answer is, “Yes!”, Online Crowdfunding and Online Fundraising is legal in India. Social For Action provides a Safe, Reliable & Simplified method of Raising Funds Online through its Online Crowdfunding Platform
Currently, the laws support only reward-based and donation-based crowdfunding in India. Equity-based crowdfunding is yet to get legal sanction. We believe the other challenge will be getting people to actually commit money in online platforms. The Indian internet population is just not yet as comfortable with internet based financial transactions as in other more developed countries.
Yes, you can raise funds for agriculture in India. Here, crowdfunding concept is widely used for tackling personal financial issues and social causes like malnutrition of children, support during natural calamities, etc. But in the field of agriculture, crowdfunding possibilities and its potential is yet to be explored. In 2015, Mahindra & Mahindra initiated a massive crowd-funding campaign named “ Seed The Rise” for farmer’s welfare by implementing different projects. Projects were designed and implemented with the help of NGOs.
Social For Action’s alternative financing technique takes farming to wide aspect like a social responsibility since people living in urban area can also take part.
Great ideas and agri tech startups need a boost with funding. And with the increasing number of crowdfunding campaigns on Social For Action, founders and innovators have a range of options to choose from.
Click Here and Start your fundraiser journey with Social For Action, today!