Diwali giving: Small acts that change lives
Bhushan Bhalerao, a 36-year-old assistant manager at the Reserve Bank of India, donates Rs.5,250 every month, most of it towards girls' education. Moved by his three college roommates from financially difficult backgrounds, Bhalerao believes education can change lives. As his salary increased, so did his donations. Faraz Adil Fazal, a 40-year-old Bengaluru retailer, follows the Islamic practice of zakat, giving 2.5% of his liquid wealth annually.
When an auto-rickshaw driver asked for help with his daughter's school fees, Fazal paid and continued to do so each year. Neither man makes large donations, but instead make giving a consistent habit. This approach is seen as a key factor in India's growing retail giving, which is expected to grow 9-11% annually.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
