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Micro Finance Company

An organization that offers small-scale financial services, such as loans, credit, or savings, is known as a microfinance company.
These enterprises were created to simplify the credit system for small businesses since they are unable to obtain bank loans due to the lengthy application process. As a result, it is frequently referred to as a micro-credit organization. They provide small loans to various households or small businesses that do not have access to or are not qualified for traditional banking services. People who live in rural areas are eligible for minor loans of up to ₹ 50,000, whereas those who live in urban areas are only eligible for loans up to ₹ 1, 25,000.
Finance companies are only ever permitted to operate in India as Non-Banking Finance Companies (NBFC). The Reserve Bank of India (RBI) has granted exemptions to specific business types, allowing them to engage in a narrow range of financial activities.

Therefore, the following two MFI types are suitable:

• NBFCs (registered with the RBI)
• Section 8 companies

of Microfinance Institutions:

• Financial aid for entrepreneurs and businesses with no security
• Promoting female entrepreneurship
• Nurturing a positive startup climate
• Establishing a formal financing framework for low-income groups
• Avoiding over-borrowing and minimizing problems brought on by significant future debt

DOCUMENTS MANDATORY:

• PAN card
• ID proof
• Passport size photograph
• Rent Agreement
• Address proof

Get your MICRO FINANCE COMPANY Registered with BIZ REGISTRATION at ₹ 140000/-

Documents Required
1
PAN Card
2
Aadhar Card
3
Passport Size Photo
4
passport
5
2 months latest bank statement
6
Mobile Number & Email Ids
OUR PLAN
Micro-Finance Company Registration

140000

All Inclusive Fees

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