Start your Microfinance Company legally with LegalLinker – Get RBI approval and structured regulatory framework to provide small loans and financial services to low-income segments.
A microfinance business is generally registered as an NBFC‑MFI (Non-Banking Financial Company – Micro Finance Institution) structure and requires prior approval from the Reserve Bank of India (RBI). This registration legally authorises your organisation to provide micro‑credit and related financial services to low‑income and underserved segments. It also enables you to access institutional funding, build credibility with lenders and investors, and operate under a structured regulatory framework.
Process: We begin with a detailed eligibility and structure assessment. Our experts assist in company incorporation (as a public limited company), preparation of capital and net‑owned funds as per RBI norms, drafting of a robust business plan and financial projections, filing of the NBFC‑MFI application with RBI, handling of clarifications and follow‑up, and finally obtaining the certificate of registration. Our goal is to guide you through every regulatory requirement to ensure a smooth and compliant approval.
Evaluate promoter profile, capital requirements, and business model
Form public limited company with minimum ₹5 Cr NOF (as applicable)
Meet RBI’s NOF requirement and maintain capital adequacy
Submit online application with CoR, business plan, policies, and projections
Respond to RBI queries, attend meetings, provide additional information
Receive Certificate of Registration (NBFC‑MFI)
Timeline: Approximately 3–6 months, subject to RBI processing and promoter readiness. We ensure every stage is professionally managed.
Service Type: End‑to‑end NBFC‑MFI registration support, including pre‑application consultancy.
Professional fees based on complexity, promoter profile, and capital structure. Includes RBI application drafting, liaison, and follow‑up.
Operating without RBI approval is illegal and can lead to:
Our Solution: We ensure your application is complete, compliant, and professionally presented – maximising your chances of swift RBI approval.
Find quick answers to frequently asked questions about NBFC‑MFI registration and compliance
Get expert assistance in NBFC‑MFI registration – from eligibility assessment to RBI approval. Customised support for your financial inclusion mission.