Start a Microfinance Company Under Section 8 – No RBI Approval Needed
Start a Microfinance Company Under Section 8 – No RBI Approval Needed
Blog Article
A Section 8 Microfinance Company is a not-for-profit entity that provides small loans to low-income individuals or self-help groups without the need for RBI approval. Registered under the Companies Act, 2013, these companies promote financial inclusion, especially in rural and underserved areas, by offering easy access to micro-credit for income-generating activities.
Unlike NBFCs, a Section 8 Microfinance Company does not require a minimum capital of ₹5 crore or RBI registration, making it a practical option for social entrepreneurs and NGOs. However, the company must be registered with the Ministry of Corporate Affairs (MCA) and obtain licenses such as PAN, TAN, bank account, and sometimes local approvals based on operations.
This is where Agile Regulatory steps in. With over 7 years of experience in legal and financial registrations, Agile Regulatory provides end-to-end consulting for Section 8 Microfinance Company formation. From name reservation, drafting of MOA & AOA, filing INC forms, obtaining the Section 8 License from ROC, to guiding on micro-lending documentation and compliance, we make the process seamless and hassle-free.
Our expert team ensures that your registration meets all MCA and ROC guidelines. We also assist in setting up internal policies for micro-lending, KYC documentation, and reporting formats that align with regulatory best practices.
Whether you're aiming to support women entrepreneurs, promote rural development, or offer small loans for education and healthcare, Agile Regulatory helps turn your microfinance vision into reality—quickly and legally.
We’ve helped over 500+ startups, NGOs, and social enterprises across India register Section 8 companies successfully. With prompt support, affordable packages, and compliance guidance, we ensure you focus on building impact while we handle the paperwork.
Get in touch with Agile Regulatory today to register your Section 8 Microfinance Company and empower lives through responsible micro-lending.
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