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Cabinet nod for introduction of Chit Fund (Amendment) Bill in Parliament
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Cabinet nod for introduction of Chit Fund (Amendment) Bill in Parliament

Agency News

New Delhi, Jul 31: The Cabinet on Wednesday approved the introduction of Chit Funds (Amendment) Bill, 2019 in Parliament.

The Bill aims to fulfill the objectives of reducing the regulatory or compliance burden of registered Chit Fund Industry as well as protecting the interest of chit subscribers, Union Minister Prakash Javadekar told reporters here.

He was apprising media of Cabinet decisions taken under the chairmanship of Prime Minister Narendra Modi. (UNI)