Our Mission
FAAIR Services, a Section 8 company under Section 8 of the Companies Act, 2013, supports government and industries in driving sustainable development across India. We focus on AI-driven solutions in education, healthcare, manufacturing, and more, aligning with SDGs like quality education (SDG 4), industry innovation (SDG 9), and climate action (SDG 13). As a non-profit, all funds are reinvested into societal impact projects.
Why We Need Funding
As a non-profit under Section 8(1) of the Companies Act, 2013, FAAIR cannot distribute profits. Funding sustains our operations, research, and projects—such as mentoring students and developing AI solutions—ensuring we continue supporting SDGs and creating lasting impact in India.
Funding Eligibility
- CSR Funding: Under Section 135(1) of the Companies Act, 2013, and Rule 3(2) of the Companies (CSR Policy) Rules, 2014, companies with a net worth of ₹500 crore, turnover of ₹1,000 crore, or net profit of ₹5 crore in any of the three preceding financial years must allocate 2% of their average net profits to CSR. FAAIR, registered via Form CSR-1 as per Rule 4(1) of the Companies (CSR Policy) Rules, 2014, qualifies for these funds for Schedule VII activities (e.g., education, healthcare). Administrative overheads are capped at 5% under Rule 4(6).
- Government Grants: FAAIR can access grants under Section 135(5) of the Companies Act, 2013, through schemes like the PM Internship Scheme (supporting workforce development) and Digital India (MeitY) for e-governance, aligning with national development goals.
- Tax Benefits: Contributions to FAAIR qualify for deductions under Section 80G(1) and (2) of the Income Tax Act, 1961, as we are registered under Sections 12A and 80G. Donors can claim 50% or 100% deductions (depending on the project) on donations made via prescribed electronic modes, with cash donations up to ₹2,000 as per Section 80G(5). FAAIR’s income is exempt under Section 12A, ensuring funds are used for charitable purposes.
- Foreign Contributions: FAAIR complies with the Foreign Contribution (Regulation) Act, 2010 (FCRA). Under Section 11 of the FCRA, 2010, we can accept foreign contributions after registration or prior permission, ensuring transparency via Form FC-1 (Rule 6, FCRA Rules, 2022) for contributions exceeding ₹10 lakh annually, reported within 3 months.
- Other Investments: Under Section 8(1) of the Companies Act, 2013, FAAIR can accept donations, grants, and investments from individuals, foundations, and international organizations, provided funds are used for charitable purposes as per Section 8(1)(a).
How Your Investment Helps
Your contributions enable FAAIR to:
- Develop inclusive education platforms using Agentic AI.
- Enhance manufacturing with GenAI-driven automation.
- Promote equitable healthcare through ethical AI frameworks.
- Support government initiatives like smart governance.
Investment Opportunities
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Funding Type
Impact Focus
Transparency and Impact
Inspired by the Bill & Melinda Gates Foundation and the World Bank, we provide annual impact reports and audited financials, ensuring transparency as mandated by MCA under Section 8(4) of the Companies Act, 2013.
