The Lok Sabha on Wednesday passed the Chit Funds (Amendment) Bill, 2019 that seeks to streamline operations of chit funds in India and protect the interests of investors, mainly the economically weaker sections of the society. Chit funds are popular among low-income families, as it offers both access to funds and options to save.
The Lok Sabha on Wednesday passed the Chit Funds (Amendment) Bill, 2019 that seeks to streamline operations of chit funds in India and protect the interests of investors, mainly the economically weaker sections of the society. Chit funds are popular among low-income families, as it offers both access to funds and options to save.
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