MICROFINANCE REGISTRATION IN BIHAR

The company must be registered under the Companies Act, 1956 or the updated Companies Act, 2013. A Microfinance institution must meet the required net worth. There must be compliance by the microfinance company in securing the requisite license. Microfinance companies typically cater to the economically disadvantaged segments of society. Microfinance companies typically serve clients in trades such as fishery and carpentry.