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Month: January 2016

What is a Chit Fund and the evolution of Chit Funds in India

January 31, 2016December 21, 2019 Padma lochani Leave a comment

The concept of Chit Fund started decades ago when a group of needy people found that getting a bank loan was too complicated, had unsure and indefinite cash flow, but had to meet big expenses. That was when chit fund came into existence. A set of families or friends would form a group or rather, […]

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