gamble money

In India, there are several local products and services that help people manage their finances wisely instead of gambling money. One popular product is the chit fund system, which is a traditional savings scheme where members contribute a fixed amount regularly and take turns receiving the lump sum.

Another local financial product is the gold loan system offered by banks and NBFCs. Indians can pledge their gold jewelry to get instant cash for emergencies, avoiding the need to gamble money on risky ventures.

Microfinance institutions in rural India provide small loans to women self-help groups for starting small businesses, ensuring productive use of funds rather than gambling money away.

The Jan Dhan Yojana scheme has brought millions of Indians into the formal banking system, promoting safe savings habits and reducing the temptation to gamble money.