How is a standard chit fund product designed and what makes this instrument so attractive
Very lucidly explained the Chit Fund concept. Thanks.
There are a few Fintech startups in India that are addressing this model. There is a startup working with the state government to monitor / regulate the Chit Fund industry through a blockchain platform.
Do take a look at TheMoneyClub, Kyepot, ChitMonks, Finlok.