Rajagopalan, president, Tamil Nadu Chit Fund Companies Association, speaking at a seminar in Tiruchi on Saturday.TIRUCHI: The need for enacting and implementing an uniform Act for protecting the interest of chit fund companies by all States was underlined by the speakers at a seminar on the ‘role of chit funds in the growth of Indian economy’ organised jointly by the Tamil Nadu Chit Fund Companies...
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study by the Institute of Financial Management & Research (IFMR) on the chit fund industry in India reveals that chit funds prove to be successful and provide innovative access to finance for low-income households.The study, funded by Bill and Melinda Gates Foundation, submitted its findings to the Finance Minister Pranab Mukherjee recently. At a press conference, participated by a management team...
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study by Institute for Financial Management and Research (IFMR), on the scope and functioning of the registered Chit Fund industry in India has revealed that Chit Funds prove to be successful and innovative access to finance for low-income Households. A Research team from Small Enterprise Finance Centre (SEFC) at IFMR, has made this first-of-its-kind large-scale study in the urban areas of the states...
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finance company in New Thippasandra downed its shutters on Monday, leavinghundreds of investors in the lurch. Company owner Suresh isabsconding.Though hundreds of investors thronged the police station,seeking intervention to get their money back, only three cases were registeredagainst Suresh.According to the police, Suresh was running thefinance company and an annual `crackers chit' also. Last Diwali,...
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Fund Companies Association (TNCCA) President C Rajagopalan today appealed to the State Government to introduce online registration system for chit fund companies similar to Tamil Nadu Electricity Board and Commercial Tax Department .Delivering the presidential address at the day-long national seminar on the 'Role of Chit Funds in the Growth of Indian Economy,' jointly organized by the TNCCA, Incorporated...
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Around Rs 11,088 crore was being circulated through chit fund schemes in the three southern states of Tamil Nadu, Andhra Pradesh and Kerala, a study released by the Institute for Financial Management and Research (IFMR) said. The study was funded by the Bill and Melinda Gates Foundation.Speaking to reporters here, Preeti Rao and Sharon Buteau of the Small Enterprise Finance Centre at the IFMR, said...
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clean chit has beengiven to film producer Mahesh Bhatt's son Rahul, whose name has cropped up ininvestigations relating to terror suspect David Headley, arrested by FBI forpossible links with LeT."No one has been given clean chit," a topgovernment source said when asked about reports from Mumbai that Rahul Bhatt hasbeen cleared by the investigators of any wrong doing following reports that hehad met...
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clean chit has been given tofilm producer Mahesh Bhatt's son Rahul, whose name has croppedup in investigations relating to terror suspect David Headley,arrested by FBI for possible links with LeT."No one has been given clean chit," a top governmentsource said when asked about reports from Mumbai that RahulBhatt has been cleared by the investigators of any wrong doingfollowing reports that he had met...
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clean chit has been given to film producer Mahesh Bhatt's son Rahul, whose name has cropped up in investigations relating to terror suspect David Headley, arrested by FBI for possible links with LeT."No one has been given clean chit," a top government source said when asked about reports from Mumbai that Rahul Bhatt has been cleared by the investigators of any wrong doing following reports that he...
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Around Rs 11,088 crore are being circulated via chit fund schemes in the southern states of Tamil Nadu, Andhra Pradesh and Kerala. Around 58 million house holds have participated in chit fund schemes, according to a recent study released by Institute for Financial Management and Research (IFMR). The study was funded by Bill Gates foundation Bill and Melinda Gates Foundation.Speaking to reporters in...
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