A study on the General opinion of the Customers Towards the Chit fund Investment

Abstract

Chit fund is an age old unorganized non-banking financial institution over the years both the government and players in this industry have tried to organize this important institution which has been contributing significantly to the economic development of the country. Money is the source of livelihood and is the life line for existence. If money is properly invested it can leads to generation of income, employment, eradication of poverty, stability and inflation control. Investment defines the sacrifice of certain present value for future value. All form of savings cannot be considered as investment. Savings will become investment if a person makes a distinction to forego the use of money saved for a period of time, in the hope of earning a return.