Microfinance Company Registration in India

Enterslicegroup07 Apr, 2021Legal

A Microfinance Company is a type of financial institution that offers small loans and other forms of credit to its customers. Such financial institutions will lend to SMEs and other types of businesses that are unable to obtain credit from banks. For Microfinance Company Registration in India, there is a prerequisite of minimum paid-up capital of INR 5 crores. While in the case of the North-East region of India, the minimum paid-up share capital requirement is INR 2 Crore only.