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MSIL CHITS

     
Benefits How it works Schemes Enrollment Know Your Dividend

MSIL Chit Schemes
   
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An agreement transacted with specified number of people
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Aimed at mobilizing the house hold savings for better utilisation
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Subscribers pay in installments a certain amount.
» Auction is by bidding / draw of lots
» Plenty of options for offering securities

Chits are Popular......
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Chits are a very popular form of savings by the middle and lower income groups
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It is an indigenous form of savings practiced by women in rural areas across the country

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