Crowdfunding- A Study on Online Platforms for Medical Donations

Crowdfunding is a tool for businesses, entrepreneurs and organisations to raise money without opting for traditional sources of finance, required capital or funds are raised through the help of the society at large. Every individual is a potential donor who can contribute to the target amount and also bring in a number of other potential donors. Taking this concept and applying it to medical treatment is what gives rise to medical crowdfunding. A wonderful idea that has given birth to major crowdfunding platforms in India, which are getting together in making medical treatment more viable and less expensive. A network of patients, donors, doctors and hospitals are brought together to create a great synergy among the available medical resources.