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Micro Finance Private Limited Company Registration
Register an NBFC-Micro Finance Institution. Regulatory compliance with RBI guidelines, net owned fund setup (minimum Rs.5 crore), and full MCA incorporation by our expert CA & CS team.
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Instant response & dedicated compliance managerWhat is a Micro Finance Company?
A Micro Finance Private Limited Company (NBFC-MFI) provides small loans up to Rs.3,00,000 per borrower to low-income households. Requires RBI registration and minimum Net Owned Fund (NOF) of Rs.5 crore.
RBI Eligibility Requirements
| Criteria | Requirement |
|---|---|
| Minimum Net Owned Fund | Rs.5 Crore (Rs.2 Crore NE states) |
| Qualifying Asset Ratio | Minimum 85% |
| Maximum Loan Size | Rs.3,00,000 per borrower |
| Company Type | Must be Private Limited Company |
Knowledge Base
Frequently Asked Questions
Minimum Net Owned Fund (NOF) of Rs.5 crore for NBFC-MFI registration with RBI. For North-East states, threshold is Rs.2 crore.
Any NBFC-MFI with assets of Rs.500 crore or more must be registered with RBI. Smaller MFIs can operate under state money lending acts.
Company incorporation takes 7-15 days. RBI approval process takes 3-6 months. Total timeline: 4-7 months.
Yes. An existing NBFC can apply to RBI for conversion by meeting qualifying asset and NOF requirements.
NBFC-MFIs are specialised NBFCs focused exclusively on micro-credit to low-income borrowers with specific portfolio requirements and interest rate caps.
Register Your Micro Finance Company
Speak to our NBFC compliance specialists today.