Business Setup

Tax & Compliance

Trademark & IP

Documentation

Others

user-login
Consult an Expert

Consult an Expert

Right Arrow
Business Setup

Business Setup

Right Arrow
Tax & Compliance

Tax & Compliance

Right Arrow
Trademark & IP

Trademark & IP

Right Arrow
Documentation

Documentation

Right Arrow
Others

Others

Right Arrow
More

More

Right Arrow

Login

attention

Attention: File MGT 7/7A by Nov 29 to stay penalty-free! Talk to our expert

logo

1 Lakh+

NGO Registered

logo

5 Lakhs+

Happy Customers

FAQ's on Registration of Microfinance Institutions

Savings, deposits, insurance, loans, pensions, and credit are all examples of microfinance services. In a nutshell, it includes both credit and non-credit activities. Microcredit includes both a loan and credit, implying only credit activities.
Numerous researchers and decision-makers conclude that microfinance promotes entrepreneurship, boosts income-generating activity and thus alleviates poverty, empowers the poor (particularly women in developing nations), expands access to health and education, and fosters social capital within disadvantaged and vulnerable communities.
The major cons are not very different from any regular lending channels and include rising death cases among borrowers due to financial stress, deepening poverty, high-interest rates, disrespect to borrowers, and an overall decline in the community cohesiveness.
Many researchers and policymakers believe that microfinance promotes entrepreneurship, increases income-generating activity and thus decreases poverty, empowers the poor (particularly women in developing countries), increases access to health and education, and creates social capital among vulnerable and poor communities.
It all began when economist Muhammed Yunus, a nobel prize winner from the neighbouring country of Bangladesh, began making small loans to poor families in neighbouring villages to break their cycle of poverty during the famine of the 1970s. NABARD took this idea and started the concept of MFIs in India.

Trusted by 400,000 clients and counting, including …

startup
springboard
oyo
chakra
dbs
uber
ficci
ap-gov