The history of the t mottukkottai Chettiars (Nagarathars) of Tamil Nadu will help us to know about this. The Nagarathars were a famous trade and business community in Tamil Nadu. They had a banking system based on Jati and an extensive business chain. Their community, relatives and family were interested in trade matters. Therefore all their trade activities worked within this social structure. Their banks were institutions run by joint families. Similarly, their trade and banking activities were done through the connections of Jati and relatives. For example, they had extensive Jati-based relations in South East Asia and Sri Lanka. This helped them to extend their business interests into those areas. Some people. say that the economic activities of the Nagarathars were some of kind indigenous capitalism.
