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