Article

HelpAge Donations in India - On The Increase

Topic: Personal FinancePublished September 7, 2011

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There has been an increase in the number of old age homes in India in the current times and HelpAge offers aid and support to about 194 of them. The old age homes of India also have a propensity to take care the health care needs of the aged lodgers. Charitable donations by well-off Indians have grown by half in the previous four years and touched just about 5-6 billion USD, or equal to 0.4 per cent of GDP, in 2010, a study stated by consulting firm, Bain and Company. Additionally, the study, in which 300 wealthy persons took part, has established that 40 per cent of affluent persons in India plan to add to their charitable help, over the next five years. The corporate donations in India only have grown five times ever since 2006, to more than 1.5 billion USD. Also, when it comes to distribution of finances, schooling, food and clothes, accommodation and health care are a number of the major areas where the wealth is devoted, the report added. Though, in the current times a new trend is being viewed amongst the middle class old residents of India. To a greater extent, aged people from the Indian middle class surroundings are looking for lodging in the old age homes. In India, several have sprung up from corner to corner of the nation. There are two kinds of old age homes in India, to be precise the free ones and the paid ones. rnHelpAge is a non-governmental and non-profit association which takes care of the older citizens of India. The supporter of this charitable group has been the respectable ex-president of India, Mr. R. Venkataraman. India has more than 1000 old age homes. HelpAge offers aid and support to about 194 of India. It put forward health care and attention to the old citizens of India. In addition to the health care plans, HelpAge furthermore has a range of plans for the elderly population of India. One can explore the different programs planned by the association. It reaches out to the deprived ones, in the course of its diverse services in the areas of monetary, well being and emotional defense. Perhaps the easiest manner to offer help is by making online donations for old people. Through making HelpAge online donations, you are also able to save your income tax. All HelpAge India donations are 100% income tax exempted under sections 35AC and 80GGA of Income Tax 1961 (valid in India only).

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