Direct Tax
Consulting
ESG Advisory
Indirect Tax
Growth Advisory
Internal Audit
BFSI Audit
Industry Audit
Valuation
RBI Services
SEBI Services
IRDA Registration
AML Advisory
IBC Services
NBFC Compliance
IRDA Compliance
Finance & Accounts
Payroll Compliance Services
HR Outsourcing
LPO
Fractional CFO
General Legal
Corporate Law
Debt Recovery
Select Your Location
Micro Finance business is sound & positive in India. It has its roots outgrown in India for a long time. It is a type of NBFC which disburses short-term loans in lesser quantities. It has a repayment rate of doing 99.5% of payments.
It is generally disbursed in small quantities too small entrepreneurs to create a business. They are generally ought to give benefit to agriculture & other rural activities. Also, it is generally backed by a mortgage. Like any other regular commercial bank, microfinance institutions will use these interest rates to cover most of their costs and losses and aim for an increase in their own funds. In this sense, only viable MFIs are able to provide permanent access to Micro Finance Business services to the hundreds of millions of people in need.
It is registered under section 8 of Companies Act, 2013 which serves the socio-economic objective of society.
Table of Contents
Micro-finance companies are a type of NBFC (Non-Banking Finance Company) which are given NBFC-MFI (Micro Finance Institution) license by RBI.
It defines itself as providing financial assistance to an individual or a client either directly through a group mechanism
It forms an organization or an association of individuals established for the purpose of carrying on the business of extending microfinance services:
A joint venture is a strategic business arrangement in which two or more companies collaborate...
With the rising inflation rates and various other economic factors, wealthy Americans are incre...
Before approaching the new suppliers or any other third parties, you should always go for the v...
With the increasing landscape of Fintech Companies, it is increasingly vital that fintech compl...
This blog gives a detailed description through an audit report for industrial waste by examinin...
Are you human?: 5 + 1 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
Microfinance company provides financial support to entrepreneur and small businesses. Micro Finance company is part...
16 Dec, 2020
Microcredit and microfinance are two types of fund related activities. In this article, we shall look at what makes...
21 Dec, 2020
Chat on Whatsapp
Hey I'm Suman. Let's Talk!