![](https://www.udayavani.com/wp-content/uploads/2024/09/Gen-Asim-Munir-Wikimedia-Commons-415x275.jpg)
AI-powered platform for MSIL Chits for smart and efficient user experience: Karnataka Minister
PTI, Nov 7, 2023, 8:40 AM IST
![](https://www.udayavani.com/wp-content/uploads/2023/11/MB-Patil-620x322.jpg)
Karnataka Industries Minister M B Patil on Monday said that the state-run Mysore Sales International Ltd (MSIL) will get a first-of-its-kind AI-powered platform for a ”smart and efficient user experience”, to scale up its chit funds business.
He also said that the government aims to make MSIL’s chit fund business reach Rs 10,000 crore from the current Rs 300 crore in the next five years, and to make it India’s leading chit fund.
”Karnataka is embarking on a significant journey to elevate the chit fund sector to new heights, with MSIL Chits, to make it India’s leading chit fund,” Patil said in a post on the social media platform ”X”.
Stating that MSIL Chit will be trusted, safe, secured and scalable, he said, ”It will be first if it’s kind in the country, AI-powered platform for smart and efficient user experience. Aim to reach Rs 10,000 crores from 300 crores in the next 5 years.”
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
![](https://www.udayavani.com/wp-content/uploads/2023/05/IndianClicks_GVega_Udayavani_300x250_12032021_1_1.gif)
Related Articles More
![](https://www.udayavani.com/wp-content/uploads/2024/09/Ganesh-Chaturthi-150x105.jpg)
Karnataka ushers in Ganesh Chaturthi with its customary fervour; political tussle over govt’s order
![](https://www.udayavani.com/wp-content/uploads/2024/09/Nammane-Krishna-15th-winner-150x90.jpg)
Udayavani.com “Nammane Krishna”: Broadcast of 15th Prize-Winning Reel
![](https://www.udayavani.com/wp-content/uploads/2024/09/Train-Trcaks-rep-Pexels-150x89.jpg)
Trackman’s heroics avert major train disaster on Konkan Railway
![](https://www.udayavani.com/wp-content/uploads/2024/09/areca-150x100.jpg)
CAMPCO issues directive against misuse of membership cards to push spurious areca nuts into market
![](https://www.udayavani.com/wp-content/uploads/2024/09/Darshan-Actor-150x90.jpg)
Kannada actor Darshan to get TV in prison cell
MUST WATCH
Latest Additions
![](https://www.udayavani.com/wp-content/uploads/2024/09/Ganesh-Chaturthi-150x105.jpg)
Karnataka ushers in Ganesh Chaturthi with its customary fervour; political tussle over govt’s order
![](https://www.udayavani.com/wp-content/uploads/2024/09/Gen-Asim-Munir-Wikimedia-Commons-150x99.jpg)
Pakistan Army Chief acknowledges role of Pak army in Kargil war
![](https://www.udayavani.com/wp-content/uploads/2024/09/Infant-1-150x100.jpg)
Kushinagar: Man forced to ‘sell’ son for hospital fee, 5 arrested
![](https://www.udayavani.com/wp-content/uploads/2024/09/CBI-rep-agencies-1-150x113.jpg)
Ex-RG Kar hospital principal had criminal nexus with co-accused for wrongful gains: CBI
![](https://www.udayavani.com/wp-content/uploads/2024/09/rains-rep-PTI-150x84.jpg)
29 dead in Telangana due to heavy rains, floods
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.