Comprehensive Guide to Chit Funds in India

Business12 months ago

Source: Comprehensive Guide to Chit Funds in India

Chit funds in India are regulated under the Chit Funds Act of 1982. This Act is administered by the Ministry of Finance but the State Governments are responsible for its implementation in their respective states. This article will serve as a complete guide about Chit Funds in India, including chit funds’ definition, different types of chit funds and the benefits which chit funds have.