Community Finance: Chit Funds, Cooperatives & NBFCs

Chit funds (Kuri, Chitty) - rotating savings and credit; cooperative banking movement; Amul and SEWA success stories; NBFCs and microfinance; self-help groups as modern jajmani; dharmic principle of community-based finance

Lessons in this chapter

• Chitty: Rotating Savings and Credit Associations — The People's Banking System
• Kuri: The Mathematics of Chit Funds — Financial Engineering by the People
• Sahakari: The Cooperative Movement in India — Banking by the People, for the People
• Swayam Sahayata Samuh: Self-Help Groups as Modern Jajmani — Women-Led Financial Revolution
• Sukshma-Vitta: Microfinance and Financial Inclusion — Small Loans, Big Impact
• Dijital Vittiya Samudaya: Digital Community Finance — Ancient Networks, Digital Rails
• Relevance in 2026 and Beyond — Community Finance in the Age of Digital Trust

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