Description

Microfinance Institution (MFI) Registration

A Microfinance Institution (MFI) is a specialized financial entity that provides small loans, credit facilities, and other financial services to low-income individuals, self-help groups, and small entrepreneurs who do not have access to traditional banking. In India, MFIs can be registered as NBFC-MFIs under the Reserve Bank of India (RBI) guidelines or as societies, trusts, or cooperatives depending on their scale and operations. Our MFI Registration service offers end-to-end assistance in meeting all legal, financial, and regulatory requirements for setting up your microfinance organization.

Service Highlights

Tailored Registration Support:

• Guidance on selecting the right legal structure (NBFC-MFI, Section 8 Company, Society, Trust, or Cooperative).

• Advisory on RBI eligibility norms, net-owned fund requirements, and operational guidelines for NBFC-MFIs.

Documentation & Compliance Assistance:

• Preparation of incorporation documents, bylaws, and policies.

• Drafting operational guidelines in compliance with microfinance regulations.

RBI & Statutory Application Filing:

• Support in completing online applications for NBFC-MFI registration via RBI’s COSMOS portal.

• Liaison with government and RBI officials for verification and approval.

Operational Readiness:

• Advisory on interest rate capping, lending norms, and customer protection measures.

• Guidance on setting up loan management systems and compliance frameworks.

What You Will Receive

Initial Consultation:

• Understanding your target beneficiaries, loan model, and geographic focus.

• Advising on the most suitable registration path for your goals.

Application Preparation & Submission:

• Drafting and verifying all required legal, financial, and operational documents.

• Filing the application with the relevant authorities and tracking progress.

Post-Registration Guidance:

• Assistance in meeting annual compliance, audit requirements, and RBI reporting norms.

• Ongoing advisory for scaling operations while staying compliant.

Why Choose Our MFI Registration Service?

• Sector Expertise: In-depth knowledge of microfinance laws, RBI regulations, and best practices.

• Complete Compliance: Ensuring your MFI meets all statutory and operational guidelines.

• Faster Approvals: Minimizing delays with accurate documentation and follow-ups.

• End-to-End Support: From planning and registration to post-launch compliance.

Empower communities through financial inclusion.
With our Microfinance Institution Registration service, you can create a legally recognized MFI, expand access to credit for underserved populations, and contribute to sustainable economic growth. Contact us today to begin your registration process.