Know more about NRI donations to India

NGOs have always played an important role in the progression of economically backward sections of society. The operations of NGOs are largely dependent on donations from both domestic and foreign resources. In the last few years, philanthropy has greatly gained prominence among the growing majority of wealthy individuals worldwide. This has also been expected to lead to a rise in the amount of NRI donations to India. NGOs in India have always had a limited amount of resources when it comes to sustaining funding. This largely extends to foreign funding, corporate social responsibility (CSR), other charitable organizations, charitable trusts, raising funds from individual donors and government-funded campaigns.
There are millions of NGOs working in India to improve the living conditions of those less privileged. They work in a variety of fields to bring about rapid change and social transformation.
NGOs are organizations which are considered independent of the state, therefore they are voluntary in nature. They are voluntary in nature, and therefore depend on donations, foreign fundings, and aid from various government and international organizations. NGOs use both domestic and NRI donations to India to eradicate prejudices, poverty, poor sanitation and illiteracy.
A significant amount of economic and social change has been brought about by NGOs and other charitable organizations. NGOs play an important role in the elevation of the marginalized and weaker sections of society. In countries like India, where millions of people live under the poverty line and do not have adequate access to basic facilities, NGOs do phenomenal work in improving their living conditions.
The Foreign Contribution (Regulation) Act, 2010 (FCRA) is an important Act which regulates the foreign payments received by NGOs in India. This act is important to understand as it lays down the registration and compliance requirements for how international organizations and donors can legally donate to NGOs in India. The FCRA enables various individuals, associations, and companies to receive foreign contributions after obtaining formal registration. According to this Act, organizations of political nature are prohibited from receiving a contribution.                                                                                                   
Foreign funds are one of the major sources of financial support to NGOs in India. Numerous private organizations, foreign governmental agencies, and charitable donors provide financial support to Indian NGOs. These funds are used to improve the difficult living conditions of the poor and needy across the country.

These donations save lives, help provide education to children and extend protection and support to various communities. Therefore we encourage NRI donations to India.
All funds received by an NGO must be used only for the purpose for which they were received.

Comments

Post a Comment

Popular posts from this blog

The ‘Beti bachao beti padhao’ campaign

The ‘Beti Bachao, Beti Padhao’ initiative was launched by Prime Minister Modi on January 22, 2015, in Haryana. Translating into ‘Save the Girl Child, Educate the Girl Child’, this program aimed to give young girls access to large-scale welfare services. It was devised to give the girl child access to survival, safety, and education while celebrating the girl child in an effort to fight India’s deep-rooted gender bias towards women. ‘ Beti Bachao Beti Padhao Yojana ’ is India’s most high profile and widespread campaign to empower the girl child. It is a program being run jointly by the Ministry of Women and Child Development, Ministry of Human Resource Development and Ministry of Health and Family Welfare. As per the census data of 2001, the child sex ratio in India (0-6 years) was a mere 927 girls per 1000 boys. This further declined in 2011 to a staggering 918 girls for every 1,000 boys. Addressing and improving this dwindling CSR is one of the principal intentions of this...
Read more

Don’t miss out on donation tax exemption.

Donating to charity is a generous act. It is an admirable thing to financially support a cause that one believes in and to do your bit for society. In order to encourage these noble gestures, the government has also extended its support towards charitable services. The section 80G of the Indian Income Tax Act allows a provision for tax deductions made on donations to any charitable organization. This ensures that generous donors can avail donation tax exemption .   Since 2008, Save the Children has positively enriched the lives of millions of children in India. Through our consistent efforts, we have successfully provided underprivileged children with access to education, healthcare and protection from harm. Save the Children runs around 75 projects across 19 states in India.   We are grateful for the financial support provided by our donors, and run on the donations we receive from them. These donations go a long way towards positively impacting the lives of vulnera...
Read more

Information on Child Labour

Child labour refers to the engagement of a child in any form of work that is harmful to their physical, mental and emotional development. The practice of child labour is a violation of human rights, and can potentially lead to lifelong physical or psychological damage. Children who are employed as child labourers are often forced to drop out of school and discontinue their education. There is a need to create awareness on the issue of child labour and spread information on child labour. Children are extremely vulnerable and are exposed to various risks when they are engaged as child labourers. They are separated from their families, exposed to serious danger and left to fend for themselves. Millions of children around the world are trapped still in child labour. They are deprived of a proper childhood and denied access to adequate health, nutrition, education and sanitation. Child labour is a serious violation of a child’s rights and highly exploitative in nature. Based on t...
Read more