Gone are the days when the country’s youth were solely dependent on seeking government jobs or salaried positions in large private sector companies. Today, many qualified and ambitious youngsters are confident about starting their own entrepreneurial ventures and making a bold entry into the world of business. You could be an engineer with industry experience […]
Chit funds
Steps towards financial self-reliance – In line with Govt’s “Atma Nirbhar Bharath” mission
A new mantra has caught the imagination of the Indian population – self-reliance. Taking inspiration from the “Atma Nirbhar Bharath” mission launched by the Prime Minister, the slogan is driving future business and financial goals of government departments, educational institutions, large corporates, small businesses and even individual citizens. Self-reliance does not mean functioning in a […]
Modernising Chit Funds for the new age investor
Shanthala Chits has long been a pioneer in the chit fund business. We started as a small family-owned business that managed the money of a few trusted friends and family. Now, after 24 years of successful operations and thousands of satisfied customers, our second-generation leadership is ready to take the company to the next level. Amongst […]
To Spend or Not to Spend – Evaluating Opportunity Cost during the present business crisis
Moments of crisis are always likely to occur in the long journey of any businessman. Successful business leaders are not those who don’t face any crisis. They are the ones who make the right choices in response to the crisis. So that the business emerges stronger after the challenges faced. Today, most small and medium […]
In these times of hardship, Shanthala Chits builds partnerships of trust
The ongoing Corona Virus crisis has brought in a lot of uncertainty and danger into the lives and businesses of people. This is especially true with some of our esteemed customers who are successful entrepreneurs. Brave, smart people who are running their businesses – delighting their customers and bringing employment to several people around them. […]
Money matters for the youth – Chit funds, an attractive option for the young Indian
When we hear about a chit fund investor, we tend to visualise a conservative housewife or a rural householder with no access to modern banking. It is true that women and rural folk were the major patrons of chit funds in earlier days. That’s because they needed an avenue for monthly saving and anytime withdrawal. […]
Chit funds Vs other Investment tools – how do they rate?
Paper money was invented as a financial instrument in exchange for goods and services around the 7th century in China. Since then various instruments of expenditure, lending, and investment of money have come into being. Bank deposits, equity shares, mutual funds, debt instruments, pension funds, chit funds and so on. An average citizen approaches the […]
Did you know about Japanese budgeting method – Kakeibo, for better money management?
With Makara Sankranti, a long and lovely holiday season comes to a grand close. Now it’s time to gear up for the new year ahead. Business goals, final exams and financial year end targets are going to be the main focus areas. With all the festivities coming to an end for the year, family expenditure […]
What you need to Know about Chit Funds (Amendment) Bill, 2019?
Landmark legislation passed for the Chit fund industry – Ushering in a new era of credibility and financial inclusion On November 20, 2019, the Indian parliament unanimously passed the Chit Funds (Amendment) Bill, 2019 that is aimed at setting up a mechanism to ensure transparency in chit fund schemes, protect subscribers and regulate the […]
Changes proposed in Chit Fund Act – A welcome move in investor’s benefit
The Government of India has recently announced that there is a plan to introduce key amendments to the Chit Fund Act 1982 in the next parliament session. This is a long awaited legislative step, which finds a wide welcome in the chit fund industry – from investors and companies alike. We at Shantala Chits whole […]
