Micro Finance Company Registration

What is Microfinance Company Registration?  

A Microfinance Company provides small loans and financial assistance to low-income individuals or groups who lack access to traditional banking. These institutions help promote financial inclusion and rural development by offering credit, savings, and insurance services to underserved communities.

In India, a microfinance company must be registered as a Non-Banking Financial Company (NBFCMFI) under the Reserve Bank of India (RBI) guidelines. To qualify, it must have a minimum net owned fund of ₹5 crore (₹2 crore for Northeastern states) and must meet specific RBI criteria regarding loan limits and borrower eligibility. 

Tax Intelligence helps entrepreneurs form and register their microfinance companies legally, ensuring that every step from company incorporation to RBI approval is handled smoothly and efficiently. 

Eligibility for Microfinance Registration   

• Must be registered as a Private or Public Limited Company under the Companies Act, 2013. 
• Minimum net owned fund of ₹5 crore (₹2 crore for NE region). 
• 85% of total loans must be disbursed to borrowers with income below prescribed limits. 
• At least 70% of total assets should be in the form of qualifying assets as per RBI norms. 
• Must comply with all RBI-issued directions for NBFC-MFIs. 

Why Tax Intelligence for Microfinance Company Registration? 

Tax Intelligence offers complete support for registering a microfinance company in India. Our experts handle incorporation, documentation, RBI coordination, and post-registration compliance. With years of experience in NBFC registrations, we simplify complex RBI procedures and ensure your company remains compliant with all financial norms. Entrepreneurs trust us for our transparent pricing, prompt execution, and strong understanding of regulatory requirements. Our top-notch services are Pvt Ltd Company Registration , LLP Registration, and Partnership Registration.     

What Does Tax Intelligence Do for Microfinance Company Registration? 

• Company Formation: We help you choose the right structure and register your company under the Companies Act, 2013. 
• Document Preparation: Our experts collect, verify, and organize all documents required for RBI and MCA compliance. 
• RBI Application Filing: We prepare and submit your complete RBI registration application through the COSMOS portal. 
• Business Planning: Our team assists in drafting a strong business plan and financial projection for RBI approval. 
• Liaison with the RBI: We coordinate with RBI officials and respond to any queries until the registration is approved. 
• Compliance Setup: We set up your company’s compliance system to ensure ongoing adherence to RBI and NBFC guidelines. 
• Post-Registration Support: We handle your annual filings, audits, and reporting requirements after registration. 
• Expert Advisory: Our consultants provide continuous guidance to ensure smooth operations and long-term legal compliance.