1. ROTATING CREDIT ASSOCIATIONS IN INDIA.
- Author
-
Anderson, Robert T.
- Subjects
ROTATING credit associations ,INDUSTRIES & society - Abstract
The present paper has two goals. First, since rotating credit associations have not been described for India, except in the briefest of terms, we shall contribute in a small way to filling this void. Our data are limited. They derive from a month of field work in the city of Hyderabad (Andhra Pradesh), carried out in July 1962, and include two days in a village approximately twenty miles from the city. The focus of the field investigation was voluntary associations generally. Only a few interviews dealt with chit funds, as rotating credit associations are commonly called in India. The work in the village, limited as it had to be, was more than usually fruitful, because reports were available from earlier studies by other social scientists. The second aim of this paper is to consider the potentialities of such associations for socializing to modern business life. Before dealing with the latter problem, let us look at the three types of chit fund that we found. (The number is not necessarily exhaustive. [ABSTRACT FROM AUTHOR]
- Published
- 1966
- Full Text
- View/download PDF