Question

In which part of India is the "Chit Fund " very popular?

Answer 1

Unregistered Chit Funds which exceed 100 ($2) in value are illegal in India, although it is very well known that unregistered Chit Fund industry is very popular in India, mainly in the rural and semi-urban area, where people have very little access to the banking services and where financial illiteracy is more.

Answer 2

i think it is in telangana