Crowdfunding

Crowdfunding is expected...

His Royal Highness Sheikh Mohammed Bin Rashid Al Maktoum, the ruler of Dubai and the Prime Minister of UAE presided over the last cabinet meeting at Expo 2020. The UAE has established a government mechanism for sponsoring creative company ideas through crowdfunding platforms which would allow government and private sector players can crowdfund projects if they obtain the appropriate approvals from the relevant authorities. The authorities of course will have to ensure that those who apply would have a detailed work plan.

The Central Government on Wednesday apprised the Delhi High Court that they have set up an online crowdfunding platform to collect funds for the treatment of children suffering with rare diseases at rarediseases.nhp.gov.in.

The Kerala High Court has asked the state to frame a policy for crowdfunding as it did not want the money to go into the account of private individuals who may or may not give it to those who needed it.