Microfinance Registration


Our Mission Is To Associate With Professionals And Support All Services Under One Roof !!

Rs. Onwards *All Inclusive (Fees & Taxes)*

Small loans enable entrepreneurs to start
Expand micro, small and medium enterprises.
Savings help families build assets to finance
Insurance products can offset the cost of medical care
Money transfers and remittances allow families

Microfinance Registration

1
1

Proceed for Name approval

2
2

Apply DSC

3
3

Prepare drafts for approval

4
4

File with ROC

5
5

Provide certificate (PAN/TAN)

Requirements

Microfinance in India plays a major role in the development of India. It act as an anti-poverty vaccine for the people living in rural areas. It aims at assisting communities of the economically excluded to achieve greater level of asset creation and income security at the household and community level.

Documents

Individual

Pan Card

Aadhar Card

Passport Size  Photo 

Director’s Address Proof/Bank Statement

 

 

Place Of Buisness

Latest electricity bill/Utility Bill

Proof of ownership (rent agreement/ lease deed)

Basic Features of Microfinance Registration

Group lending

peer monitoring

It works properly as long as the bonds in the community are strong

Equal treatment to different borrowers, which can determine adverse selection and moral hazard

 

Dynamic incentives

Increase the amount of loans through time

Useful to get the borrowers used to dealing with financial intermediaries

They reduce portfolio concentration

 

Other guarantees deriving

Compulsory savings to reduce exposure from financial innovation

Guarantee funds to partially transfer on other subjects the default risk of the borrowers

Special purpose vehicles and segregated capital used to isolate the project risk

 

Funding costs

Capability to attract subsidized funds

Cost of funding versus other financial intermediaries and/or institutions

Capability to collect deposits from public

 

Operating costs

Net of credit officers

Average dimension of microloans

 

Loan

The loan tenure is short

Microfinance loans do not require any collateral

 

Important Notes

Microfinance provides access to capital for individuals who are financially underserved. If microfinance institutions were not offering loansto this segment of the society, these groups would have resorted to borrowing money from friends or family members. The probability of them opting for fast cash loans or payday advances (that bear huge interest rates) are also high.

• Microfinance helps these groups invest wisely in their businesses, and hence, is in alignment with the government’s vision of financial inclusion in the country.