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Planning & Setting Up of Micro-Finance Business - Muds Management

Read about:<br>What Are Micro-Finance Institutions?<br>Features of Micro-Finance Institution<br>Benefits of Micro-Financial Business<br>What is Micro Finance Business?<br>Further classification of Micro Finance Business<br>Different Categories of Micro-Finance Companies<br>The brief procedure required to be followedu000bfor set-up microfinance business<br>Documents Required<br>Muds Services<br>Why contact Muds!<br>https://muds.co.in/micro-financing-and-nbfcs/setting-up-of-micro-finance-business/

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Planning & Setting Up of Micro-Finance Business - Muds Management

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  1. Planning & Setting Up of Micro-Finance Business MUDS Management Pvt. Ltd.

  2. MUDS Services Explanation of all types of Micro-finance institutions license and their requirements Consultation for getting Micro Finance Company Registration Completing procedural requirements Business advisory with risk assessment for new companies Complete information on compliance requirement All regulatory and business enquiries are resolved MUDS Management Pvt. Ltd.

  3. MUDS Offers 1 2 3 Nidhi Company Co-Operative Society Registration Micro Finance Company Registrations MUDS Management Pvt. Ltd.

  4. What Are Micro-Finance Institutions? Micro finance refers to an array of financial services, including loans, savings and insurance, available to poor entrepreneurs and small business owners who have no collateral and wouldn’t otherwise qualify for a standard bank loan. MUDS Management Pvt. Ltd.

  5. Features of Micro-Finance Institution: 2 3 4 5 1 Has been registered with agency Prescribed minimum net worth by the Regulator Deals with low amounts of financing to people Must obtained necessary licenses/ permits Incorporated under the new Companies Act 2013, or the earlier Companies Act, 1956. MUDS Management Pvt. Ltd.

  6. Benefits of Micro-Financial Business: Encourage self-sufficiency and entrepreneurship Better loan repayment rate Provide access to funding Strengthen financial condition Help in meeting credit needs MUDS Management Pvt. Ltd.

  7. Micro Finance Business 1 Non-Banking Financial Company – Micro Finance Institution (NBFC-MFI) Co-operative Society 4 2 Section 8 Company 3 Nidhi Company MUDS Management Pvt. Ltd.

  8. 1 Payday Loan Business Online Further Micro Finance Business can further be classified as: 2 Peer to Peer (P2P) Lending MUDS Management Pvt. Ltd.

  9. Different Categories of Micro-Finance Companies: Micro-loans Micro-savings Micro-insurance MUDS Management Pvt. Ltd.

  10. “Every Wall is a Door” It was rightly said. Thus, take a step forward to open the door for the new FDI norms. - Ralph Waldo Emerson MUDS Management Pvt. Ltd.

  11. Brief procedure required to be followedfor set-up micro finance business Step 1 The Applicant Company must comply with the registration requirement under the new Companies Act 2013/ Reserve Bank of India/ Multi-State Cooperative Societies Act, 2002/ Societies Registration Act, 1860 and/or Indian Trust Act 1882. MUDS Management Pvt. Ltd.

  12. Brief procedure required to be followedfor set-up micro finance business Step 2 The applicant company must have sufficient net worth according to the microfinance business requirement. MUDS Management Pvt. Ltd.

  13. Brief procedure required to be followedfor set-up micro finance business Step 3 Determine your risk-bearing capacity and structure your business. MUDS Management Pvt. Ltd.

  14. Brief procedure required to be followedfor set-up micro finance business Step 4 Apply for registration with the regulation agency and obtain the necessary permits/license. MUDS Management Pvt. Ltd.

  15. Brief procedure required to be followedfor set-up micro finance business Step 5 After satisfaction of all requirements the regulation agency will grant a registration certificate and necessary permits/license as the case may be. MUDS Management Pvt. Ltd.

  16. Documents Required KYC and income proof of the director Net worth certificate of the directors Recent credit report of the directors 1 2 3 Board resolution copy Structure plan of the organization Copy of Auditor’s report of receipt of fixed deposit receipt 4 5 6 MUDS Management Pvt. Ltd.

  17. Documents Required Banker’s report about the company Proof of work experience in the financial sector Banker’s Certificate of No Lien stating the net owned fund 7 8 9 Education/ professional qualification proof of the director Incorporation certificate of the company MOA and AOA 10 11 12 MUDS Management Pvt. Ltd.

  18. Contact us! MUDS MANAGEMENT is recognized as one of the most-respected, knowledgeable, and pocket-friendly legal and financial solutions company. Give us a call right now at +91-9599653306 and start a conversation immediately for Microfinance company registration. MUDS Management Pvt. Ltd.

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