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What Is Medical Crowdfunding?

Medical Crowdfunding

What Is Medical Crowdfunding​?

What Is Medical Crowdfunding?

Medical Crowdfunding is an alternative means to raise money for urgent medical emergencies such as cancer, transplant treatment, SMA, heart surgery, ICU, NICU/PICU services, etc.

What is Medical Crowdfunding?

Medical Crowdfunding is an alternative means to raise money for urgent medical emergencies such as cancer, transplant treatment, SMA, heart surgery, ICU, NICU/PICU services, etc. 

In a nutshell, crowdfunding means to start a campaign to raise funds for a cause and share it amongst your friends, family members, acquaintances, colleagues, ie. ‘the crowd’ and request them to contribute towards your cause. 

Okay, so why should I care about it? 

Imagine you are the parent of a child who has been diagnosed with an aggressive deadly illness. You have reached deep into your savings, borrowed from relatives, and exhausted all options available. Loans are not viable to you with the high interest rates, or poor credit scores. However, you still need a lot more to continue or start the treatment. That’s when Medical Crowdfunding shows its value.


When all options are exhausted, and the only thing that stands between saving your loved ones and their treatment is money, you can turn to medical crowdfunding to shoulder the weight. 


The best thing is that there is no obligation to return the money raised, nor any interests. This a real example of how the genorisity of humans can surpass terrifying odds.

Sounds Great, But Is It Legal?

Short answer: Yes! 

 

As per SEBI Guidelines of India, reward and donor based crowdfunding is legal. These include online crowdfunding for medical, educational, memorial, animal, and social causes from donors willing to donate. 

 

However, equity crowdfunding is illegal in India. It is a method of raising capital used by startups and early-stage companies.

 

Oh no, if only there was a platform that helps set-up fundraisers for people, assigns a crowdfunding expert to guide them on their journey, and easily withdraw the funds. 

Wait, there’s Milaap – India’s Most Trusted Crowdfunding Platform. Did I mention that its also FREE? 

How Do I Start A Medical Fundraiser?

Set-up a fundraiser

Fill in a few details about yourself, and who you are fundraising for

Share & receive funds

Share your campaign with social contacts using our tools to request donations

Milaap reviews it

Your fundraised will be reviewed by our internal verifications team

Withdraw funds

Transfer funds to the hospital or to your bank account, whenever you need

Some Of Our Crowdfunding Champions!

Need Help Raising Funds For Your Medical Emergencies? 

Need More Funds? Trust Milaap

When all other means fails, you can rely on you. If the above funds are not applicable/enough for your treatment, raise funds for your cancer treatment on India’s Most Trusted Crowdfunding Platform. 

Need help setting up your Free Fundraiser? 

Fill up the form below and our team will call and help setup your fundraiser


FAQ:

Why should I use Milaap to raise funds?

The benefits of using Milaap are mentioned below:

 

  • There is 0% platform fees for running a fundraiser. 
  • Accept donations from people around the world in multiple currencies.
  • Your will have a dedicated relationship manager as well as industry leading customer support team who will be there to guide you throughout your journey.
  • Milaap fundraisers accept donations in any payment method from UPI, to bank transfers, credit/debit cards, netbanking and the like. Your donors have multiple options to choose freely from.
  • Over 25% of our donors are people who have donated before on Milaap. This stands as a testament to the loyalty we have earned over the years.
  • Our tools help you share your fundraiser with your social contacts effortlessly to reach the widest audience. You can share via messaging, email, Whatsapp, Facebook, Twitter (X), or Linkedin.
  • You can monitor all your fundraisers from the Mobile App seamlessly and also withdraw funds, upload updates, thank donors and other options.

Can I trust Milaap?

When someone starts a fundraiser, our team contacts them for supporting documents to ensure the cause and the recipient is legitimate, and that funds raised are used appropriately.

Our Verifications team reviews the recipient to by collecting the KYC IDs - like Aadhaar, Pan, Driving License, etc. to ensure the funds reach the correct beneficiaries.

 

The funds will then be transferred to either the beneficiary or next-of-kin’s accounts or to a relevant entity such as the treating hospital, NGO, and vendors.

 

At Milaap, we diligently verify fundraisers and continually monitor them to ensure your donations are put to good use. While such cases are rare, if a fundraiser is found to be fraudulent, rest assured that Milaap will provide a full refund for your donation. If you ever have concerns about a fundraiser, please report the fundraiser immediately.

What information do I need to provide while setting up a fundraiser?

To set up a fundraiser, the organizer will have to provide the following information:

 

  1. Organizer details - Email ID, phone number (preferably one that is available on WhatsApp), Name
  2. Cause details - Goal amount, beneficiary details, fund utilization
  3. Supporting documents - Upload supporting documents to prove that the need for funds is genuine. For example - Treatment Estimate letters, college admission letters, project details, etc will have to be uploaded once the fundraiser is live. Once the documents are uploaded, withdrawal of funds will be enabled on your fundraiser.

How do I withdraw funds from my fundraiser?

Withdrawing funds from your fundraiser is a simple process. The following steps are to be performed to ensure a quick transfer of funds:

 

  1. Adding the recipient’s bank account along with their KYC documents. Your account will be reviewed by our internal team withint 24-48 hours.
  2. Clicking on 'Transfer Request' and submitting it for the amount required.

 

98% of the withdrawals are processed within 24 - 48 hours!

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