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Start Your Micro Finance Business with Confidence.

MicroFinance. Company Registration

with our Expert Assistance

  • 👉 Microfinance (Sec-8) Company Setup & Guidance

  • 👉 Credit Score & Report Support (CRIF/Other Bureaus)

  • 👉 Smart Accounting & Finance Management Software

  • 👉 e-Mandate / Auto Debit Facility through Leading Banks

  • 👉 Expert Support by Adv. Rakesh Singh Saini

  • 👉 Funding Assistance up to ₹10 Crores

  • 👉 Complete Compliance & Legal Assurance

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Company Name Registration Form

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All You Need to Know About Micro Finance Companies

Set Up Your Micro Finance Business with LakshyaTaxConsultancy’s Comprehensive Support!

In India, access to formal credit remains a major challenge. Currently, only about 20.77% of the population is able to use banking loan facilities. The reasons behind this low number include limited financial awareness, lack of literacy, and the inadequate reach of banking services in rural areas.

What’s more concerning is that within this small segment, only 8.63% of people actually qualify for loans due to the strict eligibility requirements set by banks. This leaves a large portion of the population without access to organized financial support.

To bridge this financial gap, the Government of India, in association with the Reserve Bank of India (RBI), introduced Microfinance Companies. These institutions are designed to provide small and short-term credit facilities to marginalized and underserved communities — especially those who are unable to benefit from traditional banking systems.

Types of Micro Finance Companies in India

When it comes to starting a Micro Finance Business in India, there are primarily two recognized models. Each has its own set of regulatory requirements, scale of operations, and compliance norms. Understanding these differences is crucial before deciding which path to take.

1. Micro Finance Company (Non-NBFC Model):
This form of micro finance company is comparatively simpler and easier to establish. Unlike NBFC-MFI, it does not require mandatory registration with the Reserve Bank of India (RBI). Also, there is no requirement to maintain a minimum Net Owned Fund (NOF) of ₹2 Crores, which significantly reduces the entry barrier for new entrepreneurs. These companies generally function at a smaller scale and are more suitable for local or regional operations where the focus is on providing credit support to underserved individuals or communities. Since the regulatory framework is lighter, compliance costs are also lower, making this model attractive for those who want to start micro finance activities without heavy investment.

2. Non-Banking Financial Company – Micro Finance Institution (NBFC-MFI):
On the other hand, this model is designed for larger and more structured financial operations. An NBFC-MFI must be registered with the RBI and is required to maintain a minimum Net Owned Fund (NOF) of at least ₹2 Crores (in most states) and up to ₹5 Crores depending on the state of incorporation. Because these institutions are regulated by the RBI, they enjoy higher credibility and are trusted more by banks, investors, and government authorities. Operating as an NBFC-MFI also provides the flexibility to scale the business nationwide and offer a wider range of financial services. However, this comes with the responsibility of adhering to strict compliance norms, regular reporting, and maintaining transparency in operations.

In summary, Non-NBFC Micro Finance Companies are better suited for entrepreneurs who want to start small with minimum compliance requirements, while NBFC-MFIs are ideal for those who wish to build a large-scale, credible, and RBI-recognized micro finance institution with nationwide reach.

Comprehensive Solutions to Accelerate Your Microfinance Operations

We don’t just help you register your Micro Finance Company quickly, but also ensure a smooth, compliant process with expert guidance at every step. From documentation to approvals, we make sure your registration is completed efficiently, helping you launch your microfinance venture in the shortest possible time.

Credit Score & Recovery Management

Gain secure access to a credit score management system to monitor and update your clients’ creditworthiness. Track financial behavior, analyze repayment patterns, and improve recovery rates through effective credit management tools. This ensures better decision-making and stronger financial control for your microfinance operations.

Accounting & Loan Management Software

Easily manage clients, staff, loans, disbursements, interest calculations, EMIs, and more with a dedicated accounting and loan management system designed specifically for microfinance operations. Streamline your financial processes, reduce errors, and maintain complete transparency for better business efficiency.

Funding Advisory Support

Receive expert guidance on securing funding from Banks and NBFCs for your Microfinance business. Our team helps you understand the eligibility, documentation, and application process, enabling you to explore funding opportunities of up to ₹10 Crores effectively. Please note, we provide advisory support only; funding approvals are subject to bank/NBFC discretion.

Auto Debit / eMandate Services

Easily collect EMIs and payments directly from your clients’ bank accounts using eMandate or auto-debit facilities from leading banks. Automate your collection process, reduce manual errors, and streamline operations to accelerate the growth of your microfinance business.

Features of MicroFinance (Sec-8) Company

Why most people choose MicroFinance as compared to other Business entities

Separate Legal Entity

Just like any other company, Microfinance Section 8 Company, its directors and shareholders are distinct persons and have a separate identity Thus, their liabilities in the company are limited to the shares of the company held by them.

Loans to small business houses and to poors for dwellings

Section 8 Microfinance Company provides unsecured loans to small businesses of upto Rs. 50,000/- & to poor people for their dwelling residence of upto Rs. 1,25,000/- thus helping in the upliftment of the poor & weaker sections of the society.

No prior RBI Approval

Unlike any other Micro Finance Companies, the Micro Finance Section-8 Company is not required to take any prior RBI approval/ registration. However, Micro Finance Section-8 Company is also governed by the RBI guidelines after its incorporation.

No Minimum Capital Requirement

The RBI has exempted the Micro Finance Company to have any minimum paid-up capital requirements which means, you can start your microfinance business with nominal amount.

Upliftment of weaker section of the society

Microfinance Company is incorporated with the objective to provide short term credit facilities to that section of society which is either having no access to the banking channels or is ineligible to meet the hefty banking criteria.

No Minimum Capital Requirement

The RBI has exempted the Micro Finance Company to have any minimum paid-up capital requirements which means, you can start your microfinance business with nominal amount.

Minimum Compliances

Microfinance Section-8 Company have the advantage of less legal compliances over the other type of micro finance companies.

Steady Source of Income

Microfinance Section 8 Company enjoys the benefit of having a steady income in the form of Interest income.

Earn interest upto 26% p.a

A Microfinance Section 8 Company can earn interest upto 26% p.a on loans advanced. Thus, it gives an additional edge to the Section 8 Micro FInance Companies over organised banking sector.

Documents Required for Micro Finance Company Registration

Simply Share These Details to Kickstart Your Microfinance Company

PAN Card or Passport (Foreign Nationals & NRIs)

Copy of Aadhaar Card

Passport-sized Photograh

Mobile Number and Email Ids of all parties.

Latest bank statement (2 months)/ telephone or mobile bill/ electricity or gas bill

Electricity Bill for Registered Office.

Check Company Name Availability

Our systems will check availability of your Company Name

Company Name Registration Form (#12)
MicroFinance Registration Procedure

More simple than it looks!

1. Preprations of Digital Signature (DSC)

1st we apply for DSCs of all the Directors & members. Digital Signatures are required for signing all the documents while incorporating your Section 8 Micro Finance company.

2. Filing Application for Director's DIN

The next step is the application of Director Identification Number (DIN). It is the unique number allotted by the MCA to each of the directors of the Section 8 Micro Finance Company.

3. Choosing Unique Name

Meanwhile applying for your DSCs, we help you in selecting Unique Name for your dream Section 8 Micro Finance Company. This process completes in a single day.

4. Preparing Forms and Documents

After the approval of the Company’s name, we prepare all the e-forms and other documents.

5. Filing e-forms with MCA

After completing all the formalities and documentation work, we upload e-forms along with the attachments prepared in step-4 on the MCA portal for approval.

6. Allotment of COI, PAN & TAN

The department will allot Certificate of Incorporation for your Section 8 Microfinance Company along with company's PAN & TAN. You can now open Current Bank Account and start the operations. CONGRATULATIONS...

Talk to Our Expert

Our Incredible Packages

Irresistible Pocket friendly Packages
Pricing Table

GOLD

POPULAR

₹13999 ₹6499/-
(+ Govt Fees)

  • Registration within a week
  • Authorised Capital upto 15 lacs
  • 2 DIN & 2 DSC
  • Certificate of Incorporation
  • MOA, AOA, PAN, TAN, ESIC
  • 200+ Document Formats
  • Udyam Registration (MSME)
  • ISO Certification (1 Year)
  • Professional Website
  • 1 year Domain & Hosting
  • Basic On-Page SEO
  • Google Analytics & Web mails
  • Commencement Certificate
  • Trademark Registration
  • Auditor Appointment
  • ITRs of Company
  • Audit & Annual Compliances

PLATINUM

ADVANCE

₹26999 ₹17999/-
(+ Govt Fees)

  • Registration within a week
  • Authorised Capital upto 15 lacs
  • 2 DSC & 2 DIN
  • Certificate Of Incorporation
  • MOA, AOA, PAN, TAN, ESIC
  • 200+ Document Formats
  • Udyam Registration (MSME)
  • ISO Certification (1 Year)
  • Professional Website
  • Website Support for 1 year
  • 1 year Domain & Hosting
  • Basic On-page SEO
  • Google Analytics & Web mails
  • Commencement Certificate
  • Trademark Registration
  • Auditor Appointment
  • ITRs of Company
  • Audit & Annual Compliances

DIAMOND

PRO+

₹45999 ₹34999/-
(+Govt Fees)

  • Registration within a week
  • Authorised Capital upto 15 lacs
  • 2 DIN & 2 DSC
  • Certificate Of Incorporation
  • PAN, TAN, MOA, AOA, ESIC
  • 200+ Document Formats
  • Udyam Registration (MSME)
  • ISO Certification (1 Year)
  • Professional Website
  • Website Support for 1 year
  • 1 Year Domain & Hosting
  • Google Analytics & Web mails
  • Commencement Certificate
  • Trademark Registration
  • Auditor Appointment
  • ITR of Company
  • Audit & Annual Compliances

Frequently Asked Questions

Your Questions, Answered with Clarity.
What types of businesses do you serve?

We work with startups, SMEs, e-commerce sellers, professionals, and large enterprises—providing customized audit, tax, and advisory solutions.

Yes, we handle all types of GST and Income Tax notices, reply drafting, assessments, and representation before authorities.
Absolutely! We offer end-to-end services online including consultations, documentation, filings, and support—saving your time and effort.
You’ll need PAN, Aadhaar, address proof, business name options, and a utility bill of the office location. We assist with everything.

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"The moment you choose to register your company with us, we assign you a dedicated personal assistant to guide you through every step—ensuring a seamless process, timely updates, and quick answers to all your questions."

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"The first step into entrepreneurship doesn’t have to be hard—or expensive. At Lakshya Tax Consultancy, we make your business journey simple, stress-free, and affordable, offering the best CA consultancy services in India at the lowest possible cost."

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"We are committed to delivering our very best, every time. Whether it’s day or night, our team is always ready to assist you—because your queries deserve timely answers. Our dedication has earned us a proud 5-star rating on Google. Contact us anytime via call, SMS, email, or WhatsApp, and experience service that never sleeps."

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