Associate Professor, Department: Business Administration, College of Business Administration, Princess Nourah Bint Abdul Rahman University, Kingdom of Saudi Arabia
*Corresponding Author: Naila Iqbal Qureshi, Email: nailaiqbal@rediffmail.com
Online published on 12 April, 2021.
Chit Funds or Kuri is a traditional age technique for fund-raising with low premium rates. This sort of financing encourages a common man to satisfy his working and nonworking needs relying upon the sum of funds they are contributing. Investors put their incomes into these kinds of plans relying upon their profit and the amount they needed to save their earnings. This topic can be discussed, taking in point of view the accessibility of credit to a common man or a business specialist, the quickly changing loan fee scene and the mechanism, benefits as well as issues related with the Chit funds in India. The researcher has done a contextual investigation dependent on Bhopal City dependent on the contribution and assortment cash through chit support.
Chit Funds, Interest Rate, Non Intermediary Resources, Collection of Money, Earnings
