Back to Career News

Kerala to Start Registrations for NRI Chit Scheme

June 22, 2018

Kerala to Start Registrations for NRI Chit Scheme

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

Recommended for you ...

Indian Tech Startups Raise $1.6 Billion in Q1 2024, Retail and Fintech Lead Growth
Indian Tech Startups Raise $1.6 Billion in Q1 2024, Retail and Fintech Lead Growth

March 28, 2024

Fintech Experts Advocate for Cohesive Regulatory Framework Amid Rapid Digitalisation of Finance
Fintech Experts Advocate for Cohesive Regulatory Framework Amid Rapid Digitalisation of Finance

March 27, 2024

Indian Payment Aggregators Rush to Obtain International Payment Licences
Indian Payment Aggregators Rush to Obtain International Payment Licences

March 27, 2024

Chat on WhatsApp