It is a savings vehicle which enables participative savings. Each scheme has 20/25 members each of whom saves a fixed amount for a fixed period. Every month the scheme-runner known as the foreman, conducts an auction for the benefit of the members. It is run as a reverse-auction where the "prize amount" is bid on discounts to it. This discount is shared equally between the members. The foreman collects a fee for running the scheme. Each scheme is registered with the State Govt, as required under regulatory rules, thereby ensuring the governance and the safety of the members’ savings.