The bill, which seeks to raise the maximum amount a chit fund can collect, was passed in the Lok Sabha last week. “Some people look at these as unregulated deposits and Ponzi schemes. Chit funds are legal and registered,” said Thakur.
The bill, which seeks to raise the maximum amount a chit fund can collect, was passed in the Lok Sabha last week. “Some people look at these as unregulated deposits and Ponzi schemes. Chit funds are legal and registered,” said Thakur.
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