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microfinance registration

Microfinance Company Registration

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What is a Microfinance Company Registration?

A Microfinance Company or institution is a type of NBFC which is not authorized to take deposits but carry out small lending activities to finance the low-income category individuals like small businessman, farmers, agriculturalist, horticulturist etc. Microfinance registration are regulated under the RBI Act of 1934 in India.

Microfinance Company Registration Procedure

To register a microfinance company, applicant has to follow a predefined procedure as per the guidelines of the RBI Act 1934. Here is a step-wise guide or procedure for microfinance registration.

Documents Required for Microfinance Company Registration

Before applying for Microfinance registration, the applicant must go through document preparation to avoid any chance of cancellation of the application due to shortage of correct documents.

RBI Approval for Microfinance Company

You are required to apply for RBI approval to commence operations of the microfinance company in India. Below is the list of documents required for RBI application for microfinance registration.

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