How BIG is Indian Chit Fund Scam Industry? | Open Letter
Chit fund scams in India are an undereported topic, however, their total impact on economy is huge. Even bigger than combined value of the most reported scam cases of the country.
In this video, we will understand the typical nature of these scams, why they are rising, what are the biggest chit fund scams in India and how can we stop them? Its an interesting and important video, so watch till the end and share with your friends and family.
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Music: https://uppbeat.io/?referral=an-wkrvy
Chapters:
00:00 Introduction
02:10 What is Chit Funds?
03:53 History of Chit Funds in India?
05:51 Major Chit Fund Scams in India
06:47 Why Chit Funds are Rising in India
08:34 Why Chit Funds Scheme become Scam?
09:39 The Downfall of Chit Funds
10:31 Conclusion
Sources & References — https://docs.google.com/document/d/11...
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