A Digital Age Approach to Funding and Financing Electronic Resources in Libraries

Abstract

This study investigated the demand for a radical shift in library funding and finance for e-resources in the digital world. A broad introduction of budgeting and alternative types of funding to libraries also discussed. This research focuses that new ways of supporting libraries, such as library coalitions, fundraising events, public access efforts, must be pushed in libraries for the advancement as well as maintenance of library services approaching digitization. It was also strongly urged that the community and top management in institutes be trained about the rising cost of e-resources. Therefore, it is argued that libraries must consistently find funding methods in to catch up with the ever- increasing demand for e-materials.