Karnataka’s MSIL Enters Digital Chit-Fund Market

Posted 2025-06-26 11:45:14

Mysore Sales International Ltd (MSIL) is revamping its ₹500 cr chit-fund operations via a new mobile app, aiming for ₹10,000 cr annual volume. The initiative includes micro-chits, a digital agent network, and financial inclusion tools for underserved communities.

Formalizing informal savings benefits unbanked citizens and introduces new fintech competition in the chit segment.

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