Lok Sabha Passes The Chit Funds (Amendment) Bill, 2019 [Read Bill]

The Lok Sabha on Wednesday passed the Chit Funds (Amendment) Bill, 2019, to facilitate the orderly growth of the chit fund sector and enable greater financial access to people. The Bill was introduced in the Lok Sabha on August 5, 2019, during the monsoon session of the Parliament, and has been passed by voice vote. Notably, the bill was introduced in the last Lok Sabha as well but...