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Everything You Need to Know About Crowdfunding Platforms In 2021

We have grown up believing that quality education and hard work can unlock the door to a stable life. However, life has never been certain, has it? In today’s dynamic market, businesses might shut down or experience heavy losses due to unpredictable external events such as natural calamities or even a pandemic.

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Crowdfunding

We have grown up believing that quality education and hard work can unlock the door to a stable life. However, life has never been certain, has it? In today’s dynamic market, businesses might shut down or experience heavy losses due to unpredictable external events such as natural calamities or even a pandemic. Circumstances can flip your life upside down when you least expect them to, and during such times, a lot of people face financial, emotional, and sometimes even physical challenges.

This is where crowdfunding comes into action. But what exactly is crowdfunding?

If you are hearing the word crowdfunding for the first time and are eager to know what exactly it means and how it works, then you have come to the right place. In this article, we have compiled all the essential information you must know about a crowdfunding platform in India.

Introducing Crowdfunding

The process of crowdfunding is conducted completely online. It involves starting a fundraiser and sharing it with people on social media to raise your required amount. You can start a fundraiser for anything under the sun, whether it is a medical treatment, to support your NGO, to back a business idea or even for your child’s education. Crowdfunding can be a reliable way to generate funds quickly for medical expenses, new projects, charitable causes and more.

Types of Crowdfunding

There are three major types of crowdfunding models. In this section, we will be discussing these models with their respective returns on contributions.

Equity-Based crowdfunding – This crowdfunding model is the most suitable for generating significant funds to start a business or expand an existing one. In this type of crowdfunding, the contributors become part-owners of the company and receive profits in proportion to their contribution.

Reward-Based crowdfunding – Reward-based crowdfunding is where individuals contribute money to a business/individual in exchange for some reward. The expected rewards can be products, freebies, services, or other items.

Donation-based crowdfunding – In this type, people donate money to support causes such as natural calamities, charities, etc. Usually, this type of crowdfunding does not provide any return to the lenders. It only gives them the satisfaction that they have contributed to a worthy cause that might bring a change in someone’s life.

The Significance of Donation Crowdfunding Platforms in India

Donation based crowdfunding can help you make your dreams a reality, change, and save lives. Let’s say you need funds to pay hefty medical bills or support a project that matters to you; in that case, crowdfunding platforms can be your support system.

How, you ask? To help you get a better idea, here are a few advantages of crowdfunding that can give you clarity.

Convenience

Setting up a fundraising campaign through your chosen crowdfunding platform is simple and hassle-free. The first step for creating a campaign is to decide the fundraising goal. Then you can add engaging photos and write a captivating description of your project/cause to get the message across. You can find a crowdfunding platform in India that offers 24*7 expert support and free mobile app to track your donations  in real-time.

Share Your Story

A crowdfunding platform makes it easier to share your story on a mass level through social media. In addition, it lends you a way to communicate with your potential supporters and persuade them to make contributions to your worthy cause, such as saving a loved one’s life from a fatal disease, helping someone you know build their home again after a calamity, or encouraging creative or business ideas.

Also Read: Here’s Your Ultimate Guide to Buying Watches for Men

Extensive Reach

With a crowdfunding platform, you can get an extensive reach. In other words, a crowdfunding platform enables you to connect with people outside of your immediate reach, who are equally passionate about your cause, and wish to help, no matter where they are. So, for example, if you want to raise funds for helping underprivileged children, crowdfunding platforms can help you connect with people who are equally passionate about this cause and are waiting to support you..

The Takeaway

If you are looking for a reliable platform to build a strong fundraiser campaign to support your cause or idea, check out the Impact Guru crowdfunding website. They are one of the leading donation based crowdfunding platforms in India today and can help you generate the funds you need to fuel your idea or treat a critical disease. So, share your story, and reach out to potential supporters with the help of their team of fundraising experts!

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Fueling Rural Entrepreneurship: Small Business Loans Revolutionizing Rural India

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New Delhi (India), July 15: Rural areas form the backbone of India’s economy, with a vast population engaged in agriculture and small-scale enterprises. However, accessing financial resources to fuel rural entrepreneurship has traditionally been challenging. Small business loans have emerged as a powerful tool in revolutionizing rural India, providing much-needed capital to aspiring entrepreneurs and driving economic growth. In this blog, we will explore how small business loans are transforming the rural entrepreneurial landscape, fostering innovation, creating employment opportunities, and uplifting rural communities.

Encouraging Agripreneurship and Diversification:

Agriculture-based businesses are the lifeline of rural India. Small business loans enable rural entrepreneurs to venture into agripreneurship and diversify their agricultural activities. These loans facilitate investments in modern farming techniques, equipment, and infrastructure, enhancing productivity and profitability. Additionally, entrepreneurs can explore value-addition opportunities, such as food processing, organic farming, and agricultural services, creating new revenue streams and reducing dependence on traditional farming practices.

Promoting Rural Micro, Small, and Medium Enterprises (MSMEs):

Micro, small, and medium enterprises (MSMEs) play a crucial role in rural development and employment generation. Small business loans cater specifically to the needs of rural MSMEs, providing financial support for business expansion, technology adoption, and market diversification. These loans enable entrepreneurs to establish and grow businesses in sectors such as handicrafts, textiles, cottage industries, and rural tourism. By promoting rural MSMEs, small business loans contribute to the overall socio-economic development of rural communities.

Bridging the Infrastructure Gap:

Rural areas often face infrastructure challenges, such as inadequate transportation networks, limited access to electricity, and lack of storage facilities. Small business loans address these issues by enabling entrepreneurs to invest in infrastructure development. Whether it’s setting up rural warehouses, cold storage units, or transportation services, these loans empower entrepreneurs to bridge the infrastructure gap. Improved infrastructure not only facilitates the growth of rural businesses but also attracts investments, creates employment opportunities, and enhances the overall quality of life in rural areas.

Empowering Women in Rural Entrepreneurship:

Small business loans are empowering rural women to break gender barriers and participate actively in entrepreneurship. These loans provide financial support to women entrepreneurs, enabling them to start businesses, acquire assets, and access markets. Additionally, loan programs often incorporate skill development and capacity-building initiatives tailored for women entrepreneurs. By encouraging women’s participation in rural entrepreneurship, small business loans contribute to gender equality, women’s empowerment, and the economic progress of rural communities.

Strengthening Local Supply Chains and Market Linkages:

Small business loans play a vital role in strengthening local supply chains and market linkages in rural India. Entrepreneurs can utilize these loans to enhance their production capabilities, improve product quality, and establish robust distribution networks. By connecting rural businesses with larger markets, these loans enable entrepreneurs to access better pricing, expand their customer base, and increase their profitability. Strengthening local supply chains not only boosts rural businesses but also promotes sustainable economic growth and reduces rural-urban migration.

Small business loans have emerged as a powerful force in revolutionizing rural India. By fueling rural entrepreneurship, these loans promote agripreneurship, boost rural MSMEs, bridge infrastructure gaps, empower women, and strengthen local supply chains. As more entrepreneurs in rural areas gain access to capital, they contribute to economic growth, employment generation, and the overall development of rural communities. It is imperative for financial institutions, government agencies, and other stakeholders to continue expanding small business loan programs and providing targeted support to rural entrepreneurs. Through these efforts, we can unleash the full potential of rural India and build a more inclusive and prosperous nation.

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January 2023 starts with positive prospects for the price of gold

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Even in 2023, many traders share an interest in gold, not just because this is one of the most popular precious metals, but also thanks to the accessibility of gold (or other gold derivatives) trading. With growing political uncertainty, 2022 ended on a disappointing note for bulls, but 2023 is a whole other story, and prospects seem to be more optimistic.

Past performance should not be treated as a 100% accurate forecast tool, but there are a few variables that gold bulls should keep in mind, moving into 2023.

Seasonality

The first of these variables is seasonality, and the good news is that January continues to be the most suited month for the price of gold to rise, based on data going back to 1972. More specifically, the average monthly returns in January are estimated at 1.6%, followed by 1.0% in February.

During the last several months, central banks around the world increased their gold reserves at an irregular pace, as a result of geopolitical factors. Once Russia started the war on Ukraine, assets held by high-ranking businessmen and Russian institutions were seized. This makes liquid assets such as US Treasuries less attractive, especially when it comes to countries that have an antagonistic view compared to the USA.

Peak USD bullishness?

According to data available on the website of Easymarkets, gold is trading at around $1,800 after a slow but steady recovery, beginning November 2022. This is a result of peaking USD performance against other currencies.

The FED hiked rates fast, which meant flows favoring the Dollar, and that in turn did not act as a tailwind for gold. Now that the USD has seemingly paused its rally, gold has more room to go up, unless risk aversion once again becomes dominant in the market.

In terms of macroeconomics, US inflation is already slowing, while Europe and Japan seem to be lagging by at least a few months. The same goes for economic conditions, which can be seen deteriorating worldwide. That is not supportive of a continued rise of inflation and at some point, it could be a reason for the FED to pivot and start cutting interest rates.

Interest rates

When plotting the price of gold on top of US Treasury rates, a negative correlation can be spotted. Rates up lead to gold going down and since the market is already anticipating a peak in tightening, government bonds are set to rise in 2023.

That means interest rates have less upside potential, supporting a continued rise in the gold price as the year starts. Remember that all financial assets, regardless of risk profile, are sensitive to interest rates, because they affect market liquidity, as well as the discounting effect for future returns.

There are no certainties when predicting where gold will be at the end of January, but if seasonality, the US Dollar, and interest rates act as a confluence of positive factors, the first month of 2023 can continue the precious metal’s rise.

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An Insight Into Legality Of Horse Racing Betting In India

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Regarding gambling, few countries have such a long and fascinating history as India. Horse racing is one of India’s most popular forms of betting and has been for centuries.

Horse racing betting is an activity loved by locals and fantastic entertainment, highly valued internationally. The industry employs millions of people, including jockeys, trainers, and grooms, and fills stadiums worldwide with passionate punters.

However, there are still many questions about whether or not online horse betting is legal in India. To try and understand more about the legalities involved and get an insight into horse racing betting in India, more generally, has become more critical than ever before. In this article, we take a look at some of these issues to clear up any confusion that may arise when considering wagering on equine events in the nation.

What is the Legal Status of Horse Racing Betting in India?

The legal status of horse racing betting in India is complicated. While it is considered legal and regulated, certain restrictions apply to the activity.

For example, online betting on horse races is not allowed, and only approved physical racecourses are permitted to offer this service. Additionally, specific regulations have been put in place by the Central Government’s Ministry of Home Affairs, which states that any form of gambling or wagering must occur within a licensed premise or area.

This means that even if you were to find a way to bet on a horse race online, you would still be required to visit an authorized racetrack or facility to do so physically. Fortunately, you can check our recommended sites for betting on horse races in India, which are approved by the government and operate within the confines of the law. The listed websites are reliable and secure, allowing you to place bets without the worry of any legal repercussions.

Therefore, while it is possible to bet on horse racing in India legally, the activity must be done within a licensed and regulated environment.

How Can I Bet on Horse Racing in India?

If you’re looking to place a bet on a horse race in India, the best way to do so is by visiting the nearest licensed racetrack. Here, you will be able to find one of the many bookmakers available and get started with your betting.

When placing a bet at the track, it is essential to remember that you must be 18 or over to participate and that all bets must be made in Indian Rupees (INR). Before placing any wagers, it is also essential to familiarise yourself with all applicable laws. It is also important to note that any winnings from horse racing betting must be declared and taxed accordingly.

Horse Racing vs. other forms of gambling

Horse racing betting is a form of gambling which has been around for centuries and is seen as one of the most popular forms in India. In comparison to other forms of gambling, such as casino games or sports betting, horse racing betting offers a much more traditional and social experience.

In addition to this, because it is only allowed at licensed racetracks, it is also considered safer than other forms of online gambling, which the government does not regulate.

Cricket betting is also hugely popular in India, with many people wagering about the outcome of cricket matches. While this form of gambling has been legalized in recent years, it is still considered illegal if done online. This means that cricket betting must be done through licensed bookmakers at physical premises or racetracks.

Tips for Horse Racing Betting in India

When betting on horse racing in India, there are a few tips that you should keep in mind.

  1. Choose Your Racetrack Carefully – Not all racetracks are created equal, so choosing the best suits your needs is crucial. Research the track’s history and review any reviews or ratings.
  2. Do Your Research – Before placing a bet, do your research and get to know the horses you are betting on. Look at their past performances and find out about their trainers and jockeys.
  3. Set a Budget – Gambling can be an addictive activity, so it is vital to set yourself a budget and stick to it. This will help ensure you don’t overspend and stay within your means when betting on horse races in India.
  4. Understand the Odds – Before placing a wager, it is essential to understand the odds. This will help you make an informed decision and ensure you get the best value for your money.
  5. Utilise Technology – Take advantage of technology and use apps or websites to track results, compare odds and get tips on which horses are likely to perform well in upcoming races.
  6. Check the rules and regulations of the racetrack you’re visiting to ensure that your bets are within the limits and guidelines.

Following these tips ensures that your horse racing betting experience in India is safe and enjoyable.

General requirements to take part in Horse Racing Betting in India

To take part in horse racing betting in India, you must be 18 or over and have an Indian ID that can be used to verify your age. Additionally, you will need to provide proof of residence and a valid credit/debit card for online transactions.

Furthermore, it is essential to remember that all races are governed by the rules and regulations of the track in which they are held, so it is necessary to familiarise yourself with these before placing any bets. Also, it is essential to note that horse racing betting is only allowed at licensed racetracks, so it is necessary to check the licensing status of any track you visit.

Conclusion

In conclusion, horse racing betting in India is legal and regulated, but certain restrictions apply to the activity. To ensure a safe and enjoyable experience when placing bets, it is important to familiarize yourself with all relevant laws and regulations and do your research before wagering on any horses. Additionally, choose your racetrack carefully and set a budget, so you can avoid overspending or get into financial difficulty.

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