Crowd Funding Unlocked 3.0

Abstract

The objective of paper is to identify the potential of crowd funding for rural development. Crowd funding is by definition, "the practice of funding a project or venture by raising many small amounts of money from a large number of people, typically via the Internet." Well for Indians this is not a new concept we are practicing this from decades in different formats like Ganpati festival, Temple construction and so on, it is just that we need to redefine it. The paper focus on how crowd funding can be utilized for social and commercial infrastructure development, which are important ingredients for rural development.