Section 8 Micro finance Company or Micro-finance Institution (MFI) is a financial organization that provides credit to people and organizations who are denied access to traditional financial institutions due to poverty, occupation, ethnicity, religion, or nationality. A Microfinance Company is registered with the Registrar of Companies as per Section 8 of the Indian Companies Act, […]
The dealings of Nidhi Company are restricted to its members only i.e. borrowing from the members and lending to back to them only and hence regarded as the mutual benefit society. Nidhi Companies provides loans at less rates comparatively than Banks. Nidhi Company Registration Nidhi Companies are incorporated as Public Limited Companies with at least 3 […]
A Microfinance company is usually called Micro Credit Organization which deals in common loans. It is less than Rs. 50000 to different small companies and households that have no access to banking channels or not eligible to get loans. At One Click Business Solutions Private Limited, we have an energetic team of professionals to take […]
Microfinance firms, as the title suggests, are monetary establishments that present funds to low-income teams, the place the finance requirement is lesser in comparison with different sectors of society. These sectors usually wouldn’t have entry to conventional monetary establishments reminiscent of banks and different monetary establishments. Want Microfinance Corporations In India, there are a lot […]
How to register a Microfinance company? The word Microfinance Company( MFC) primarily refers to an associate degree association that works to help financially poor brigades in society, like pastoral resides and people in lower fiscal gain classes. This means that the foremost thing of this business strategy is to relinquish everybody in society’s access to […]