In a bid to ensure to a complete ban on the promotion or conduct of prize chits and circulation schemes,
288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/> Subscribe on YouTubeHaryana cabinet gives nod to rules banning chit fund schemes
As per the Money Circulation Schemes (Banning) Rules-2022, no individual or company or firm or business association, in any form will promote, run or participate in money circulation scheme including a disguised money circulation scheme.
The nodal Police authority will be responsible for coordinating with other State Governments, the central government and agencies concerned under such government and the Reserve Bank Of India and will also be responsible for furnishing the information to the Reserve Bank of India in the format and periodicity as decided by the State Government in consultation with the Reserve Bank of India.