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- Chit_fund abstract "A Chit fund is a kind of savings scheme practiced in India. A chit fund company is a company that manages, conducts, or supervises a chit scheme—as defined in Section of the Chit Funds Act, 1982. According to Section 2(b) of the Chit Fund Act, 1982:"Chit means a transaction whether called chit, chit fund, chitty, kuree or by any other name by or under which a person enters into an agreement with a specified number of persons that every one of them shall subscribe a certain sum of money (or a certain quantity of grain instead) by way of periodical installments over a definite period and that each such subscriber shall, in his turn, as determined by lot or by auction or by tender or in such other manner as may be specified in the chit agreement, be entitled to the prize amount".Such chit fund schemes may be conducted by organised financial institutions, or may be unorganised schemes conducted between friends or relatives. In some variations of chit funds, the savings are for a specific purpose. Chit funds also played an important role in the financial development of people of south Indian state of Kerala, by providing easier access to credit. In Kerala, chitty (chit fund) is a common phenomenon practiced by all sections of the society. A company named Kerala State Financial Enterprise exists under the Kerala State Government, whose main business activity is the chitty.".
- Chit_fund wikiPageExternalLink joomla.
- Chit_fund wikiPageExternalLink hchit.htm.
- Chit_fund wikiPageExternalLink onlinechitfund.com.
- Chit_fund wikiPageExternalLink Chit-Funds-Innovative-Access-to-Finance.pdf.
- Chit_fund wikiPageExternalLink www.ksfe.com.
- Chit_fund wikiPageExternalLink BUSINESS.
- Chit_fund wikiPageID "1722391".
- Chit_fund wikiPageRevisionID "605242019".
- Chit_fund hasPhotoCollection Chit_fund.
- Chit_fund subject Category:Financial_services_in_India.
- Chit_fund type Abstraction100002137.
- Chit_fund type Act100030358.
- Chit_fund type Activity100407535.
- Chit_fund type Event100029378.
- Chit_fund type FinancialServicesInIndia.
- Chit_fund type PsychologicalFeature100023100.
- Chit_fund type Service100577525.
- Chit_fund type Work100575741.
- Chit_fund type YagoPermanentlyLocatedEntity.
- Chit_fund comment "A Chit fund is a kind of savings scheme practiced in India. A chit fund company is a company that manages, conducts, or supervises a chit scheme—as defined in Section of the Chit Funds Act, 1982.".
- Chit_fund label "Chit fund".
- Chit_fund sameAs m.05r47c.
- Chit_fund sameAs Q5102184.
- Chit_fund sameAs Q5102184.
- Chit_fund sameAs Chit_fund.
- Chit_fund wasDerivedFrom Chit_fund?oldid=605242019.
- Chit_fund isPrimaryTopicOf Chit_fund.