Nidhi Company Incorporation Process in India

Corpzo22 Apr, 2025Business

India's growing need for financial inclusion and community-based savings structures has given rise to entities like Nidhi Companies. These companies are built on the principles of mutual benefit and cooperative growth and are primarily engaged in the business of accepting deposits and lending money to their members. Governed by the Companies Act, 2013 and the Nidhi Rules, 2014, these entities play a crucial role in promoting savings habits among the lower and middle-income groups.