INTERVIEW QUESTIONS
LOAN
CROWD FUNDING
DETAILS
Question: I am planning to open a new business but i am slightly lacking in finances. Is Crowd Sourcing a good idea?
Answer: Many entrepreneurs have used the unique method of crowd sourcing to raise finances for their business. In crowd sourcing you as an entrepreneur suggest a business idea and share it with other people. People can then decide about the idea and invest in your business if the idea attracts them. As per the SEBI guidelines, companies are allowed to raise a maximum capital of Rs 10 crore in a year through crowd sourcing. There are multiple crowd funding platforms in India you can consider.
|