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KSFE's purpose at founding was to provide an alternative to unscrupulous private-sector chit fund organizers. [4] In 2000, it had 77% of the capital volume of the chit fund business in Kerala, though just 37.5% of the number of chit funds. [4] Types of KSFE chitty schemes. Regular Chitty : In regular chits one person can bid per month. The ...
The first state-run chit fund, Kerala State Financial Enterprises, was established in 1969 by the Kerala government. Its explicit purpose was to provide an alternative to unscrupulous private-sector chit fund organizers. [3] In 2000, it had 77% of the capital volume of the chit fund business in Kerala, though just 37.5% of the number of chit ...
The urban councils of Kerala date back to the 17th century when the Dutch Malabar established the municipality of Fort Kochi.In 1664, the municipality of Fort Kochi was established by Dutch Malabar, making it the first municipality in Indian subcontinent, which got dissolved when the Dutch authority got weaker in 18th century. [2]
Kerala Financial Corporation. The Kerala Financial Corporation (KFC), a public sector undertaking, is a state-owned financial corporation. [1] The Kerala Financial Corporation (KFC) was established by the State Government as per the State Financial Corporations Act of 1951, passed by the Parliament of India, to accelerate the industrial growth of the state of Kerala.
The urban councils of Kerala date back to the 17th century, when the Dutch Malabar established the municipality of Fort Kochi.In 1664, the municipality of Fort Kochi was established by Dutch Malabar, making it the first municipality in the Indian subcontinent, which was dissolved when the Dutch authority got weaker in the 18th century. [3]
Kerala is a state on the southwestern coast of India. It is known for its high literacy rate, low infant mortality rate, and long life expectancy. Following the 73rd and 74th amendment (both in 1992) of the Constitution of India which entrusted states with establishing Panchayati Raj institutions and Urban Local Bodies for devolution of powers, the Kerala government enacted the Kerala ...
As a result, on 1 October 2000, Kollam Municipality was upgraded to a Municipal Corporation by the Kerala Government. Corporation office Kollam. The city population of Kollam increased substantially from 139,852 in 1991 to 346,013 in 2011. In 1991, the Vadakkevila, Sakthikulangara, Eravipuram and Kilikollur Panchayats were merged with Kollam City.
In 2002, it was reported that Kerala government have chosen to either restructure or close the loss-making enterprises and has no plan for privatisation. [5] As per CAG report for 2008-2009, Kerala PSUs lack accountability, and needs improvement for imbibing professionalism and efficiency.