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Can Nidhi Company do Micro Finance (MFI) business or Give Personal Loans in India?
By Paras Mehra April 17, 2017
Nidhi Companies are not allowed to do a Micro Finance business in India. Micro Finance credit is a type of business which has been specifically assigned to Non Banking Financial Companies (NBFC) with a minimum net owned fund of Rs.5 crore.
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