First official estimate: An NGO for every 400 people in India
- Rs 20L seized from Ajit Chandila relative's home, another ex-cricketer held
- India and China ask SRs to work on more border steps
- Can't charge man with rape over consensual sex even if marriage eludes: Supreme Court
- Saudi Arabian authorities refuse to accept new Indian passports
- FIR filed against Facebook for not discontinuing hate page
Individual donors are emerging as the biggest and most lucrative source of funds. According to an internal study by a leading foreign NGO headquartered in the UK, donations by individuals are expected to have grown from around Rs 2,200 crore in 2005 to Rs 8,100 crore by a conservative estimate, and to around Rs 21,000 crore by more liberal estimates.
The increase in the number of donors has coincided with a sharp increase in the number of new NGOs in the past decade. According to the government study, there were only 1.44 lakh registered societies till 1970. In the following three decades, the number rose to 1.79 lakh, 5.52 lakh, and 11.22 lakh. The maximum increase in the number of registrations happened after 2000.
Private sector companies, one of the biggest donors in the developed world, are, however, yet to wake up to the phenomenon of charity and philanthropy in India. Indian companies spend less than one per cent of their annual profits on such activities, against 1.5 per cent to over 2 per cent spent by their UK and the US-based counterparts, says the study by the international NGO.
"The government study included, these are all broad estimates. Nobody really knows the ground reality because this sector has grown very fast in the past many years. Besides, there have been no efforts to maintain an official database or even to encourage such entities to be transparent about their activities as well as fundings," said Soumitro Ghosh, founder CEO, CSO Partners, a Chennai-based organization set up to encourage transparency in the functioning of the sector.
- Former Ranji player among 3 more held
- Rajasthan Royals to file FIR against tainted trio
- If found guilty, BCCI to ask ICC to erase Sreesanth records
- Top cops among 42 named in death of blast accused
- Manmohan-Li talks: PM takes tough line on incursion issue
- Security forces blame Maoists, villagers say CoBRA man was killed in 'friendly fire'