Section 8 Company for Microfinance Lending – Get Registered
Section 8 Company for Microfinance Lending – Get Registered
Blog Article
A Section 8 Microfinance Company is a legal and affordable route to start a micro-lending business in India without needing RBI approval. Registered under the Companies Act, 2013, such companies are formed with charitable objectives and can lend small amounts to individuals, especially in rural and underserved areas, to support self-employment, education, and basic livelihood needs.
Unlike NBFCs, a Section 8 Microfinance Company does not require a minimum capital of ₹5 crore or RBI licensing. Instead, it is governed by the Ministry of Corporate Affairs (MCA), making it a preferred choice for NGOs, social entrepreneurs, and groups involved in micro-lending. However, it must comply with provisions regarding not-for-profit status, reinvestment of profits in social objectives, and fair lending practices.
Setting up a Section 8 Company for Microfinance involves legal procedures such as name reservation, MOA/AOA drafting, filing incorporation forms with ROC, and applying for licenses under Section 8. This is where Agile Regulatory comes in as your trusted partner.
At Agile Regulatory, we provide end-to-end consulting for registering your Section 8 Microfinance Company. From drafting the documents, obtaining Digital Signature Certificates (DSCs), Director Identification Numbers (DINs), filing incorporation forms, to getting the Section 8 license—we manage everything with accuracy and transparency. We also guide you on post-registration compliances like PAN, TAN, bank account setup, and annual filings.
Our experienced professionals ensure your company is structured correctly for microfinance operations while meeting all MCA guidelines. Whether you're an NGO, a cooperative, or an individual passionate about financial inclusion, we help you launch your microfinance journey the right way.
Get in touch with Agile Regulatory today to register your Section 8 Microfinance Company and contribute to financial empowerment across India—legally, ethically, and effectively.
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