NRK chit scheme from April; Investors to get pension
Thiruvananthapuram: Presenting the state budget 2018, Finance minister Thomas Isaac said an NRK (Non Resident Keralites) chit scheme will be implemented under KSFE from April. The online facilities for the project has already been equipped.
The minister pointed out that the investors in the chit fund will be provided accident insurance and pension, subject to conditions.
The non-resident Keralites usually opt for any of the investment methods. This will be encouraged through chit funds. If they opt for the chit as investment, it will be easier for the government to find resources.