ComplyKart Services
Microfinance Company Registrations
Microfinance is one of the most tightly regulated corners of Indian finance — capital thresholds, promoter vetting, portfolio norms, and ongoing RBI returns. We take you from incorporation through licence to first disbursal.
CA/CS-guided review
Your documents and structure are checked before anything is filed.
Written scope first
Inclusions and payable charges are explained before work begins.
Support till it’s done
One team owns your filing, from the first call to the final handover.
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Your details stay private — we only call about this enquiry.
Experience behind every filing
A quick snapshot of the work so far.
Fees
Fees and packages for Microfinance Company Registrations
Every requirement is a little different, so we quote after a short discussion — the consultation itself is free.
Custom quote
Microfinance Company Registrations
Talk to a ComplyKart expert — we’ll understand your requirement and share an exact written quote before you pay anything.
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Microfinance Company Registration Package Inclusions
- NBFC-MFI application preparation with RBI
- Qualifying asset (75%) business plan
- Net Owned Fund compliance roadmap
- Fair Practices Code and grievance framework
- Application follow-up until RBI approval
Overview
What microfinance registration actually involves
Microfinance lending at scale requires an NBFC-MFI licence from the Reserve Bank of India.
Only a company can apply — the minimum net owned fund is currently Rs. 5 crore.
RBI examines promoters (fit and proper), the business plan, systems, and funding strategy before granting the licence.
After licensing, a prescribed majority of assets must be qualifying microfinance assets, per RBI norms.
Licensed entities file periodic returns with RBI and follow regulated pricing and grievance norms.
Benefits
Why promoters register through us
Open each benefit to see what it means for you.
Application built for RBI scrutiny
RBI applications for NBFC-MFI licences are scrutinised hard — fit and proper, capital, systems, business plan. We prepare the file to that standard.
Fit-and-proper vetting first
Promoter backgrounds, shareholding, group structure — we vet these before RBI does.
Systems and processes guidance
Core banking system, audit trails, grievance redressal, credit bureau reporting — the operational backbone RBI expects.
Post-licence compliance set up
Licence in hand is the start, not the end. We set up your ongoing RBI returns and compliance calendar.
Documents
What documents are required for NBFC-MFI registration?
Clear, current documents matter more than a long checklist. Names, dates of birth and addresses should match across every record — that's what the MCA checks first. Tick what you already have below.
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Company and promoter documents
Verified against MCA requirements
Business plan and operational documents
Verified against MCA requirements
What is a CIN?
Every Private Limited Company gets a unique 21-character Corporate Identification Number from the MCA. It's proof your company legally exists. You'll need it for bank accounts, tax filings, and contracts. We handle the entire application — you just provide the documents above.
Not sure if your documents are ready?
Send us what you have. A ComplyKart expert will review them for free and tell you exactly what's missing — no obligation.
Get Free Document ReviewQuestions Founders ask us about documents
What if my address proof is old?
Utility bills and bank statements must be less than 2 months old. If yours are older, get a fresh copy — the MCA rejects stale proofs.
Do I need original documents?
No. Clear scans or photos work for the entire process. We never ask you to courier originals.
What if directors live in different cities?
That's normal. Each director uploads their own documents separately. Our system keeps everything organised.
I'm outside India. Can I still register a company?
Yes. India allows 100% foreign ownership in most sectors, and the entire process happens online. You need one Indian resident director, and your passport + address proof must be apostilled — we'll guide you through both. NRI founders and foreign investors do this with us regularly.
Check if you're eligible →How long does registration actually take?
7 to 10 working days from the day your documents are verified. Name approval takes 2-3 days, MCA incorporation another 5-7. We track every stage and update you.
Can I start if I'm missing one document?
Yes. Start now with what you have — we begin name reservation and DSC while you arrange the rest. Most founders are missing one proof; it rarely blocks the timeline.
Process
NBFC-MFI registration process — step by step
You’ll see each stage, what’s pending and what we need from you — so filings don’t bounce back.
Step 1 of 7
Incorporate the company for microfinance
The applicant must be a company incorporated under the Companies Act with microfinance lending in its objects. We get the incorporation and MOA wording right at the start.
Meet the net owned funds requirement
NBFC-MFIs must meet RBI's minimum net-owned-funds requirement — ₹5 crore generally, with a lower threshold for entities operating in the North-Eastern region. Capital must be from documented sources.
Design the qualifying-assets structure
RBI's microfinance framework requires NBFC-MFIs to hold a prescribed share of their assets as qualifying microfinance assets and to follow its borrower and loan norms. We structure the business plan around these criteria from day one.
Prepare the application dossier
We compile the business plan, promoter profiles, fit-and-proper declarations, source-of-funds evidence, and operational policies into a complete application file.
File the application with RBI
The application for registration as an NBFC-MFI is filed with the Reserve Bank of India, which examines capital, promoters, and the viability of the microfinance business.
Handle RBI scrutiny and queries
RBI may seek clarifications on the business model, promoter backgrounds, or compliance with microfinance directions. We respond with complete documentation to avoid repeated rounds.
Receive registration and start lending
On approval, RBI registers the company as an NBFC-MFI. The process typically takes 6-12 months. Thereafter, the MFI must follow RBI's microfinance directions on pricing, borrower protection, and reporting.
Why ComplyKart
Why ComplyKart for this
You should know who’s doing what. Open a stage to see how the work is shared.
RBI licensing specialists
RBI licensing files are a practice area for us — NBFC, P2P, PPI. The regulator's expectations are familiar.
Complete handling
From company incorporation to licence to ongoing returns — one team throughout.
Candid readiness advice
If the file isn't ready, we tell you what's missing rather than filing a weak application.
RBI licensing specialists: RBI licensing files are a practice area for us — NBFC, P2P, PPI. The regulator's expectations are familiar.
For NRI founders & foreign investors
If a founder or investor is outside India
You don't need to fly down. Most of our foreign-founder incorporations are completed without the founder ever visiting India — 100% foreign ownership is allowed in most sectors, and the entire process happens online.
Before you start
- 100% foreign ownership is allowed in most sectors — no Indian partner needed
- One Indian resident director is required by law — we help you find a compliant way forward
- Check whether your sector permits automatic-route foreign investment
- Your passport + address proof need an apostille, not an embassy visit
- Map ownership, beneficial ownership and pricing early
After incorporation
- Receive funds through permitted banking channels
- Complete RBI/FEMA reporting (FC-GPR, FLA) and keep the bank evidence
- Coordinate tax and ongoing compliance advice early
Free 15-minute eligibility call. No obligation.
FAQ
Frequently asked questions
Search all 11 answers, or filter by the stage you’re thinking about.
Showing 11 of 11 answers
Microfinance lending at scale needs an NBFC-MFI licence from RBI. Smaller or non-profit models have other routes, but they don't scale the same way — we advise on which route fits your ambition.
The minimum net owned fund for an NBFC-MFI is currently Rs. 5 crore. This is a hard requirement — the application won't proceed without it.
Typically several months — RBI scrutiny is thorough and happens in stages, with queries in between. We manage the query responses so the file keeps moving.
You need a company first — only a company can apply for NBFC registration. We handle the incorporation and the RBI application as one engagement if you need both.
Yes — NBFC-MFIs can typically raise debt, take bank funding, and over time access capital markets like any NBFC, subject to RBI norms. The business plan we build includes the funding strategy.
Quote-based, covering the application, business plan, and compliance setup. Request a quote with your promoter details.
An NBFC-MFI is for microfinance — small-ticket, largely unsecured loans to low-income borrowers. A regular NBFC (ICC) has broader lending scope but higher expectations on systems. We help you choose based on your target borrowers.
NBFC-MFIs must deploy a prescribed majority of their assets as qualifying microfinance assets — small-ticket loans to low-income borrowers, largely without collateral. The exact norms are set by RBI and reviewed periodically; we structure your portfolio plan around the current rules.
Interest margins and pricing for microfinance are regulated — RBI sets the framework, which has been revised over the years. We advise on the current applicable norms when you apply.
Yes — microfinance borrowers must be reported to credit information companies like any other lending. Systems for this need to be in place before you scale.
Possible, but the application is assessed on its merits — capital, promoters, systems, and business plan. We give you a candid read on your application's strength before you commit.
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What clients say about working with us
Real stories from businesses we've worked with.
Our Trademark was applied in all the classes with a short span of time by Complykart Trademark Experts and I can say the level of expertise and commitment they carry is remarkable. It's an A+ from my side. We are now sticking to ComplyKart only.
I found the professionalism of the staff at complykart.com, a pleasure to work with. As a foreigner to India, they took the time to explain the documentation and assisted in every question I raised. I was pleased that complykart.com made it easy for my Business.
Trust, Commitment, Dedication and responsiveness are the best things with ComplyKart. Thanks for handling our Merger assignment with so much care. After my business disputes, complykart handles all things with own sense of understanding.
Learning center
Guides on Microfinance Company Registrations
Deeper reading from our articles — the same rules, explained in plain words.
Trust & transparency
Sources & how we keep this page accurate
Primary sources we refer to:
- Ministry of Corporate Affairs (MCA)
- GST Portal
- Income Tax Department
- IP India (Trademark / Patent / Copyright)
Last verified: 6 October 2026
Compliance rules change. If something on this page looks outdated, tell us on WhatsApp and we'll fix it — and your filing will always follow the current rules, not just what's written here.
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Talk to a ComplyKart professional about Microfinance Company Registrations. The first consultation is free.
