START A MICROFINANCE COMPANY UNDER SECTION 8 – NO RBI APPROVAL NEEDED

A Section 8 Microfinance Company is a not-for-profit entity that provides small loans to low-income individuals or self-help groups without the need for RBI approval. Registered under the Companies Act, 2013, these companies promote financial inclusion, especially in rural and underserved areas, by offering easy access to micro-credit for income-ge