KSFE Announces Ponnona Chittikal 2009

In this age of economic recession, when majority of the investment options are proving to be a losing propositions, Chitties conducted by KSFE, a government owned company, have been attaining more importance and relevance. Needless to say, the trust of our customers is the main reason behind the success and growth of our institution. For the benefit of our customers, we have been introducing schemes, which would be of help to them and in this respect our company is second to none. We started branded chitty two years back with the sole aim of sharing a part of our profit with our esteemed customers. With this aim still in mind, we are introducing the third edition of our branded chitty under the title Ponnona Chittkal-2009 from 15th July 2009 to September 15th which coincides with the Onam,, the national festival of malayalees inside and outside Kerala.
It is a special Campaign consisting of a series of chitties of duration ranging from duration of 25 to 100 months and gross monthly remittances of Rs.1000/- to Rs. 1,00,000/-. So one can easily pick the most suitable and desirable one from the series, depending upon their financial back ground, financial needs and capacity for remittance. All the benefits of chitty, as a financial product, which are time-tested through ages, will be automatically available to any one by simply joining in the scheme. But besides the strong support of the financial product called chitty, Ponnona chittikal 2009 offers several other benefits to them. First of them are prizes determined through transparent draws.

Prize Scheme
* First Prize is a bumper prize of 7 Maruthi Alto cars at the State level for the selected members of a chitty. To regulate the distribution of prizes all over Kerala uniformly, it has already been decided that the draw will be such that one subsriber in each of the seven region of KSFE will get a car .
* The second prize consists of 5000 is more in number and spread, which ensures high probability of getting a prize of gold coin in every chitty /class with a duration of 50 months. Prizes will be increased to two if the duration of chitty/ class is more than 50 months. The winners will be determined through draws among subscribers at branch level at the time of first auction.

Other Benefits
The building up Ponnona chitties are such that it provides various options to the customers.

Loan Packages
* It has a built in mechanism which offers a multi purpose project wrapped under a single name Ponnona chittikal 2009. For example the following benefits can be availed by a customer by simply joining the Ponnona chittikal 2009. One can choose a loan scheme for marriage purpose, for building a residential home, to own a vehicle etc. The terms and conditions are too simple.
* More over a non prized chitty subscriber can avails a credit line of Rs. 1,00,000 or 50% of Sala , which ever is less , by the completion of first auction itself. The surety norms are too liberal to avail the above said loans.
* The prize- winner has the opportunity of earning higher interest in the event of the prize money getting deposited with the Company.
In the unfortunate event of the accidental death of a prized subscriber, the Company, as a gesture of goodwill will write off future liability upto Rs one lakh.
These are some of the salient features of chitties being floated during the campaign period. By subscribing to KSFE schemes, a subscriber automatically participates in the on going development process of the State as the funds mobilized by the Company goes to the State Government coffers for carrying out various development activities. KSFE is a consistently profit making PSU, from the very beginning and is a synonym to the development of Kerala and Keralites, as its slogan says

"KSFE - The thump impression of the developing Kerala"

More Information Please visit : http://www.ksfe.com/