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- 24 Dec 2021
- GURPREET SINGH
- Finance, Banking, Registration, RBI, NBFC, Circulars, Companies Act 2013, Notifications, Nidhi Company, Updates, Knowledge, Compliance,
Section 8 Microfinance companies as the name suggests, are financial institutions that provide finances to low-income groups, these companies are introduced to ease the credit system for small businesses as they don’t get a loan from banks due to their complex process. Therefore, it is commonly named as a Micro-credit, Micro-benefit organization. They offer small loans to various small busin......