Business Standard

Crackdown on chit fund companies gathers pace in Chhattisgarh

The recoveries are part of the Chhattisgarh government's crackdown on the fly-by-night financial companies that duped people in the state

Chhattisgarh Chief Minister Bhupesh Bhagel

Chhattisgarh Chief Minister Bhupesh Bhagel

R Krishna Das Raipur
Ghanshyam Sahu, a resident of Uparwara of Durg, sold two acres of land to invest the proceeds in a chit fund company, only to realise he had been duped. Like hundreds others, Sahu had given up hope of getting the money back. So when he received Rs 9 lakh from the state government last month, he couldn’t believe his luck.
“I did not expect the money to be recovered,” he candidly told Chhattisgarh Chief Minister Bhupesh Baghel at an event in January.
Teejan Bai from Khursipar in Bhilai, who was also duped by a chit fund company, said she received Rs

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First Published: Feb 16 2023 | 7:30 PM IST

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