KSFE Pravasi Chitty

The Kerala State Financial Enterprises Limited, popularly known as KSFE, Is a Miscellaneous Non-Banking Finance Company, Is fully owned by the Government of Kerala. Is one of the most profit-making public sector undertaking of the State. Formed by the Government of Kerala with the objective of providing an alternative to the public from the private chit promoters in order to bring in social control over the chit fund business, so as to save the public from the clutches of unscrupulous fly-by-night chit fund operators. Has been registering impressive profits every year, without fail since its inception. About Pravasi Chitty KSFE Pravasi Chitty is a unique financial savings scheme introduced for the welfare of Malayalees living outside Kerala. It's many things, under a single scheme. It has an online portal and a Mobile application that allows you to join chits, pay installments, and take part in chit auction from anywhere, anytime. It also gives NRK's, an opportunity to partake in the overall infrastructural development of the State. Moreover, the Pravasi Chits also has many features that make it a unique financial saving structure amidst other financial instruments.