Pelman Chit Funds private limited is a company incorporated from PL.M. Group (approved by Govt of Tamil Nadu) which is catering to the needs of the packaging industry from its own premises for more than 35 years.
Client TRUST has grown with PL.M. since many years and chit funds has been formed as a private limited company. It remains our humble pride to cater the urgent and planned requirements of valued customers mostly in the packaging industry and has now come forward to serve more people and be a part of their prosperity.
A Chit fund is a kind of savings scheme practiced in India. A chit fund company is a company that manages, conducts, or supervises a chit scheme—as defined in Section of the Chit Funds Act, 1982.
CHIT provides a good source of finance for different types of people viz., small investors, businessmen, small-scale industrialists, etc. A Chit is the Only Financial Product that allows you to Save and Borrow.
The basic necessity of conducting a ‘Chitty’ is a group of needy people called subscribers. The foreman—the company or person conducting the chitty—brings these people together and conducts the chitty.
The Company had been registered under the chit funds act, Tamil Nadu Government. When every chit group is started, a deposit is made to the Government to assure that the customer’s money is always safe.
Collection of monthly chit amount can be paid by a click away through online like NEFT, IMPS, and UPI(GPAY) in the most secured and also to our authorized persons with proper official receipt and entry in the passbook.
