NORTHEAST CHIT FUND SERVICES PRIVATE LIMITED is a private company incorporated in India on July 7, 1998. The company is registered with the Registrar of Companies, Shillong, and its primary business activity involves providing chit fund services. A chit fund is a unique microfinance instrument where a group of individuals (members) agree to contribute a fixed sum of money for a specified duration. Each month, the collected pool of money is allocated to one member, determined either by a lottery or an auction, functioning as both a savings and a borrowing mechanism for its subscribers.

Founded in

India