u/Amardeep_singh016

Hi guys!
Whats ur view on bc and chitfund in nanded ?

Introducing a Community-Based Monthly Savings & Emergency Support Model

I am planning to start a community-driven savings system designed to help people build emergency funds without the pressure of saving large lump-sum amounts alone.

Here’s how the model works:

• A fixed group of members contributes a set amount every month.
Example: 20 members contributing ₹5,000 each = ₹1,00,000 monthly pool.

• Members who need funds can request the monthly pool.
To receive the pool amount, members may offer a contribution benefit amount.
For example:
- If a member receives ₹1,00,000 and contributes ₹10,000 as a benefit amount, they effectively receive ₹90,000.
- If another member offers ₹15,000, they effectively receive ₹85,000.

• The benefit amount offered by the selected member is equally distributed among all group members as cashback/profit sharing.
Example:
₹15,000 ÷ 20 members = ₹750 returned to each member.

Benefits of this model:
✔ Helps members access higher emergency funds quickly
✔ Encourages disciplined monthly savings
✔ Provides shared returns/cashback for investors
✔ Works for both emergency financial support and long-term savings planning

This system is popularly known in many regions as a BC (Beesi Committee) or chit-based savings model.

The concept can be scaled from ₹1 lakh groups to ₹2 lakh, ₹5 lakh, or even ₹10 lakh groups depending on the number of members and contribution amount.

Ideal for:
• People looking for disciplined savings
• Individuals wanting access to emergency funds
• Members interested in community-based investing and returns

Those genuinely interested in joining or learning more can DM me.