Saturday, December 27, 2008

Trust to implement NRI-funded social projects registered

The government has registered a non-profit trust, India Development Foundation (IDF), to enable non-resident Indians (NRIs) to fund socially relevant programmes in villages in the country.

“Presently NRIs cannot implement social, health, education improvement projects in a place of their choice in India without prior government sanction. With the setting up of a trust, they can route the money through IDF and implement the projects,” Vayalar Ravi, Minister of Overseas Indian Affairs, told reporters here Friday.

According to him, a group of NRIs can pool in resources and implement social, health, education and self-help group projects in rural areas.

The trust will fund non-governmental organizations(NGO) to implement NRI projects.
To read more, please, visit - Thaindian

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