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Kerala to Start Registrations for NRI Chit Scheme
June 22, 2018
The state government of Kerala is planning to start inviting investments for its ambitions NRI chit fund scheme i.e. Pravasi Chit scheme by August this year. It’s expected to fetch as much as Rs. 100 billion, a massive fund that will be used for various infrastructure projects across the state.
The chit scheme will be managed by the Kerala State Financial Enterprise Ltd (KSFE) and the collected money will be deposited in Kerala Infrastructure Investment Fund Board (KIIFB) bonds.
Photo credit: Got Credit on Visual Hunt / CC BY
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