Scheme for Chit remittance from Exchange Houses and Banks

  Introduction:   The Kerala State Financial enterprises Ltd. (KSFE), a Kerala Government owned Miscellaneous Non-Banking Company, established in 1969 with an impressive growth rate and has a current turnover around 36,000 Crores INR, is planning to roll out Pravasi Chits for Non-Resident Keralites (NRKs), across the globe. To start with it shall be launched…

Chitty to raise funds for coastal, hill highway

Roping in Non-Resident Keralites (NRKs) by enrolling them for the Pravasi Chitty of Kerala State Financial Enterprises (KSFE) has been mooted for the construction of the 1,267-km Hill Highway and the 630-km Coastal Highway. The target is to get the chitty subscribed by at least one-lakh NRIs in the first year and to mobilise Rs.10,000…