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Documents required for Micro Finance Company Registration

 


Microfinance services are mostly for people who lack sufficient access to banking and other financial services. Unemployed people and others with modest incomes are given the option of micro financing.

In rural areas, microfinance organisations can issue a loan or credit of up to Rs 50,000, and in urban areas, up to Rs 1,25,000. Small-time entrepreneurs, businesses, and people with low incomes are eligible for these loans.

Here is a list of documents required to register a Micro finance company

  • Copy of PAN card of directors and shareholders
  • Copy of Aadhar card for directors and shareholders
  • Bank statement, electricity bill or telephone bill as address proof
  • Passport size photo

Registered office proof

  • In case of a self-owned property, electricity bill and ownership document is required
  • In case of rented property, electricity bill, rent agreement and NOC from the owner should be obtained.

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