Thinking of starting a chit fund business in Rajasthan? I’m looking for advice on how to set up a monthly installment and draw system. Any suggestions?

In Rajasthan, starting a chit fund business requires registration with the Registrar of Chits under the Chit Funds Act, 1982. You’ll need to establish a clear monthly installment and draw system, ensuring it complies with the Act’s provisions regarding minimum subscription, foreclosure, and prize money distribution. Consulting with a legal professional is advisable for specific guidance.