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KSFE's purpose at founding was to provide an alternative to unscrupulous private-sector chit fund organizers. [4] In 2000, it had 77% of the capital volume of the chit fund business in Kerala, though just 37.5% of the number of chit funds. [4] Types of KSFE chitty schemes. Regular Chitty : In regular chits one person can bid per month. The ...
Chit means a transaction whether called chit, chit fund, chitty, kuree or by any other name by or under which a person enters into an agreement with a specified number of persons that every one of them shall subscribe a certain sum of money (or a certain quantity of grain instead) by way of periodical installments over a definite period and ...
He was awarded the Pravasi Bharatiya Samman [3] in 2015 by Mohammad Hamid Ansari, the Vice President of India, for his social works and efforts. The Kerala state government nominated him for Padma Shr, the fourth highest civilian award in India. [4] He is a member of Loka Kerala Sabha. Filmmaker Reshel Shah Kapoor produced a six-minute ...
The ministry also sponsored the annual Pravasi Bharatiya Divas (Non-resident Indian Day) established in 2003, when it also instituted the annual Pravasi Bharatiya Samman Award. [ 6 ] Cabinet Ministers
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The Pravasi Bharatiya Samman (Overseas Indian Award) is the highest Indian award for Overseas Indians or an organisation or institution established and run by Overseas Indian diaspora, constituted by the Ministry of Overseas Indian Affairs, Government of India in conjunction with the Pravasi Bharatiya Divas (Overseas Indian Day), to honour exceptional and meritorious contribution in their ...
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This article about an Indian National Congress politician from Kerala is a stub. You can help Wikipedia by expanding it.