Articles on Personal Loan
Can Nidhi Company do Micro Finance (MFI) business or Give Personal Loans in India?
By Paras Mehra April 17, 2017
Nidhi Companies are not allowed to do a Micro Finance business in India. Micro Finance credit is a type of business which has been specifically assigned to Non Banking Financial Companies (NBFC) with a minimum net owned fund of Rs.5 crore.
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