01/02/2025 Legal
Are you planning to start a Micro Finance Non-Banking Financial Company (NBFC-MFI) in India? Corpzo provides expert assistance in NBFC-MFI registration, RBI compliance, and business setup, ensuring a smooth and hassle-free process for launching your microfinance business.
What is a Micro Finance NBFC (NBFC-MFI)?
A Micro Finance NBFC (NBFC-MFI) is a type of Non-Banking Financial Company that provides small-ticket loans to low-income individuals, self-employed workers, and small businesses. These companies help promote financial inclusion by offering credit to those who lack access to traditional banking services.
Key Features of an NBFC-MFI:
✔ At least 85% of total assets should be in microfinance loans
✔ Maximum loan limit of ₹1.25 lakh per borrower
✔ Loans are unsecured and offered without collateral
✔ Must have a minimum net owned fund of ₹5 crore (₹2 crore for Northeastern states)
✔ Compliance with RBI’s microfinance lending guidelines
Why Choose Corpzo?
Complete NBFC-MFI registration & licensing support
RBI regulatory compliance & financial structuring
Tailored solutions for microfinance business models
Quick and hassle-free documentation & approval process
Start your Micro Finance NBFC with Corpzo’s expert assistance! Contact us at [Your Contact Information] or visit [Website URL] today.
Empower small businesses with microfinance – Let Corpzo help you build your NBFC-MFI!
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