India has become the first Asian country, outside Australasia and Japan, to propose a regulatory framework for crowdfunding, the retail-targeted funding platform for start-up companies and individual projects. Last week, market regulatorSecurities and Exchange Board of India announced the draft regulations and pointed out that web-based crowdfunding would help start-ups and small- and medium-sized enterprises to raise early-stage capital and reduce funding costs.
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India to Allow Crowdfunding
![India to Allow Crowdfunding](https://smefinanceforum.org/sites/default/files/styles/720x486/public/post/images/490990_nextbil.png?itok=kTnEGZmh)
Jun 24, 2014