What is known as Nidhi Company?
KEY FEATURES OF MICROFINANCE COMPANIES
Microfinance Company Setup Guide by NYAY SARTHI INDIA FILINGS
Key Requirements:
✔ Minimum capital as per RBI regulations
✔ Incorporation under Companies Act (2013/1956)
✔ Mandatory operating licenses
Operational Focus:
Providing financial access to underserved communities
Small-ticket lending solutions
NYAY SARTHI INDIA FILINGS ensures compliant microfinance company registration and licensing.
MICROFINANCE INSTITUTIONS AS NBFC
Understanding Microfinance Institutions (MFIs) with NYAY SARTHI INDIA FILINGS
MFIs are specialized NBFCs that:
✔ Operate without accepting public deposits
✔ Function outside Section 8 company registration
✔ Provide banking-like services at smaller scales
Unlike traditional NBFCs, MFIs focus on localized financial inclusion through micro-lending solutions.
NYAY SARTHI INDIA FILINGS offers expert guidance on MFI registration and compliance.
INTEREST RATES ON LOANS BY MICRO FINANCE COMPANIES
Microfinance Fee Structure Explained by NYAY SARTHI INDIA FILINGS
1. Processing Fees
• Maximum 1% of loan amount
2. Interest Rates
• Capped at 26% APR
3. Insurance Premiums
• Actual cost only (group/health/life)
• No hidden charges (RBI compliant)
NYAY SARTHI INDIA FILINGS ensures full compliance with RBI microfinance regulations.
COMPULSORY COMPLIANCES FOR MICRO FINANCE COMPANY
Essential Compliance for Microfinance Companies
By NYAY SARTHI INDIA FILINGS
1. Companies Act Requirements
Full compliance for Section 8 companies
Standard corporate governance obligations
2. RBI Regulations
Mandatory adherence to RBI guidelines
Applicable even without formal RBI registration
3. Additional Legal Frameworks
Strict PMLA (2002) compliance
Anti-money laundering protocols
NYAY SARTHI INDIA FILINGS ensures complete regulatory adherence for your MFI operations.