 "investment, spending, growth, economy, market")
Chit fund, an industry that is said to be at least 1,000 years old, is facing testing times like never before. One of the earliest forms of pooled resource financing or peer-to-peer lending based on a high degree of community trust, the business has rapidly kept up with the times by going digital. But the launch of online collection process, mobile applications and e-auctions has brought with this hitherto under-regulated industry greater governmental scrutiny, taxation and regulation that now threatens its growth.
States such as Telangana (through T-Chits) are in the process of solving the complex issue of regulating and
