Minister of State for External Affairs V Muraleedharan has said that Chit Funds (Amendment) bill will be cleared in the winter session of parliament . This bill includes hike in chitforemen’s (a foreman is one who runs a chit scheme; the fund manager) commission upto 7 percent.
He was responding to Kerala Chit Foremen’s Asociation office-bearers after evaluating their memorandum.
The bill could not be considerd in the parliament due to unexpected reason in the last year-he pointed out.
The representatives convinced the minister the difficulty of runing chit companies in Kerala after the implementation of the central chit law.
The minister said he would arrange a meeting with Union Finance Minister Nirmala Sitaraman in this regard.
Kerala Chiti Foremen’s Association Davis Kannanaykal,CK Anilkumar,MJ Joji were among the delegation.