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Chennai, Tamilnadu
India
Struggling with NBFC-MFI registration or RBI approvals? Our team ensures a smooth, hassle-free process, helping microfinance companies, startups, and fintechs get licensed quickly and start operations with full compliance.
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A Microfinance Company plays a crucial role in promoting financial inclusion by extending small loans and financial services to individuals, self-help groups (SHGs), and small businesses who are typically excluded from mainstream banking. These institutions serve as a bridge for the unbanked and underbanked population, helping them gain access to credit, savings, and other financial facilities that improve their livelihood.
In India, Microfinance Companies are recognized as a vital instrument in reducing poverty, empowering rural households, encouraging entrepreneurship, and supporting women-led initiatives. They function under the framework laid down by the Reserve Bank of India (RBI), ensuring compliance with regulatory guidelines while providing affordable credit solutions.
We assist in the end-to-end registration, compliance, and management of Microfinance Companies, ensuring your institution operates seamlessly, fulfills RBI norms, and achieves its mission of creating social and economic impact
This consent-based, technology-driven model is transforming credit underwriting, financial transparency, and customer empowerment. It underpins India’s Open Credit Enablement Network (OCEN) and Data Empowerment & Protection Architecture (DEPA), laying the foundation for a future-ready financial ecosystem.
At our firm, we specialize in helping companies obtain the NBFC-AA License from RBI, providing end-to-end assistance in documentation, regulatory filings, IT infrastructure compliance, and RBI coordination, ensuring our clients can seamlessly enter the next-generation financial data ecosystem.
Provides small-ticket loans to low-income groups and rural households.
Facilitates financial inclusion for people without access to traditional banking.
Supports entrepreneurship, small businesses, and livelihood programs.
Helps in women empowerment through loans for self-employment and micro-businesses.
Operates with a social mission along with financial sustainability.
Must be registered as a Non-Banking Financial Company (NBFC-MFI) with RBI.
Requires a minimum net owned fund (NOF) of ₹5 crore (₹2 crore for North-Eastern states).
At least 85% of qualifying assets should be in the nature of microfinance loans.
Loans must be collateral-free and targeted at income-generating activities.
Must be registered as a Non-Banking Financial Company (NBFC-MFI) with RBI.
Requires a minimum net owned fund (NOF) of ₹5 crore (₹2 crore for North-Eastern states).
At least 85% of qualifying assets should be in the nature of microfinance loans.
Loans must be collateral-free and targeted at income-generating activities.
The NBFC Account Aggregator (NBFC-AA) framework is a game-changer for India’s financial sector. It creates a transparent, consent-based, and secure mechanism for data sharing, which is crucial for credit expansion, financial inclusion, and digital innovation.
Though the licensing process is rigorous—requiring ₹2 crore NOF, strong IT infrastructure, and strict RBI compliance—the benefits far outweigh the challenges. NBFC-AAs not only empower customers but also create immense opportunities for banks, NBFCs, fintechs, insurers, and wealth managers to collaborate and innovate.
With our expert advisory services, businesses can successfully navigate the RBI registration process, ensuring full compliance while tapping into India’s growing financial data ecosystem. By becoming an NBFC-AA, your company can be at the forefront of India’s digital financial revolution.
