Important: Use custom search function to get better results from our thousands of pages

Use " " for compulsory search eg:"electronics seminar" , use -" " for filter something eg: "electronics seminar" -"/tag/" (used for exclude results from tag pages)

Thread Rating:
  • 0 Votes - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Chit funds
Post: #1

I am in need of chit fund project for reference so please help me to complete my project successfully
Post: #2
A Chit fund is a kind of savings scheme practiced in India. An investment fund company is a company that manages, conducts or oversees a fund of this type, as defined in the Section of the Chit Funds Act of 1982. In accordance with Section 2 (b)
"Chit means a transaction, whether it is called chit, chit fund, chitty, kuree or any other name by or under which a person enters into an agreement with a certain number of people that each of them will subscribe a certain amount of money. Quantity of grain) through periodic quotas over a given period and that each of these subscribers, in turn, will be determined by lot or by auction or by tender or in any other manner specified in the contract Purchase, You will be entitled to the amount of the prize ".
Such schemes of funds may be conducted by organized financial institutions, or they may be unorganized schemes conducted among 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 the people of the state of Kerala in southern India, facilitating access to credit. In Kerala, chitty is a common phenomenon practiced by all sectors of society. A company called Kerala State Financial Enterprise exists under the Kerala state government whose main activity is the chitty.Chit concept background reached the eyes of the people in 1800 when Raja Rama Varma, ruler of the former state Cochin gave a loan to a Syrian Christian Trader, keeping some portion of it to himself for other expenses and later he drew that money for the principle of equity.


Quick Reply
Type your reply to this message here.

Image Verification
Image Verification
(case insensitive)
Please enter the text within the image on the left in to the text box below. This process is used to prevent automated posts.

Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  chit fund software free download Guest 1 140 09-10-2017 10:11 AM
Last Post: jaseela123
Sad funds flow statement Guest 1 181 05-10-2017 03:31 PM
Last Post: jaseela123
  A Project Report on MUTUAL FUNDS IS THE BETTER INVESTMENT PLAN study tips 1 593 20-09-2017 04:00 PM
Last Post: jaseela123
  bhel superannuation benefit funds Guest 1 354 08-09-2017 04:57 PM
Last Post: jaseela123
  chit o chat a fun filled chatting and drawing software subine 0 109 25-08-2017 09:32 PM
Last Post: subine
  project on customer perception towards mutual funds Guest 1 0 27-07-2017 12:36 PM
Last Post: jaseela123
  mba project topics in chit funds related Guest 1 187 27-07-2017 11:36 AM
Last Post: jaseela123
  chit fund software free download Guest 1 206 03-04-2017 10:13 AM
Last Post: jaseela123
  questionnaire sectorial funds project Guest 1 0 22-02-2017 10:00 AM
Last Post: ijasti
  chit fund management system project Guest 1 0 08-02-2017 03:58 PM
Last Post: jaseela123
This Page May Contain What is Chit funds And Latest Information/News About Chit funds,If Not ...Use Search to get more info about Chit funds Or Ask Here