Understanding Chit Funds: India’s Trust-Based Financial System
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Understanding Chit Funds: India’s Trust-Based Financial System
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About this listen
Chit funds are one of India’s oldest and most widely used financial systems, yet they remain misunderstood by many. In this episode, we break down how chit funds actually work—from monthly contributions and auctions to dividends, risk, and regulation under the Chit Funds Act, 1982.
This is not a surface-level explanation. We explore the logic behind the system, why it continues to thrive alongside banks, and how trust plays a central role in its functioning.
Whether you are considering joining a chit, running one, or simply trying to understand informal finance in India, this episode gives you a clear and practical foundation.
Hosted by Dr. Subbu | Valathi MEDFIN
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