Among the innumerable savings schemes in India, Chit Funds have been one that hasn’t had it easy. Although the primary kind of savings scheme for people since decades there have been various reasons for the decline of this segment, primary among them being the flourishing of disorganised financial schemes conducted by an unscrupulous few. Shanthala […]
investments
Chit fund: Enabling the Safe Kitty for Empowered
As has become a rising trend in Indian small towns and countryside, every month, several small traders, farmers, workers, and most importantly and encouragingly, women, meet up with an agenda to pick one of their names out of a bag. Each time, the womenfolk have a kitty into which every affiliate puts 100 rupees (about […]