Register your Business just in One Click. Choose Auriga Accounting Platform “India’s biggest Platform.” Connect with our Experts.
Get Your Company registered in 7 days.
Incorporate your business with Auriga Accounting
Auriga Accounting has a team of registration experts who can provide complete guidance to register your Section 8 Microfinance Company Registration in India.
Our team of experts will get in touch with you and collect all necessary documents and details
We fill out and file your application for registration
Your Section 8 Microfinance Company is registered
Auriga Accounting has a team of registration experts who can provide complete guidance to register your Section 8 Microfinance Company Registration in India.
Our team of experts will get in touch with you and collect all necessary documents and details
We fill out and file your application for registration
Your Section 8 Microfinance Company is registered
A Section 8 Company, Trust, and Society all serve charitable or non-profit objectives, but differ in their legal structures. A Section 8 Company is a registered entity under the Companies Act, offering limited liability to its members and regulated by the Ministry of Corporate Affairs. A Trust is governed by a trust deed, managed by trustees, and regulated by state-specific Trust Acts. A Society is formed under the Societies Registration Act, managed by a governing body or managing committee, and operates under bylaws. While all aim for social welfare, their legal frameworks, governance structures, and regulatory oversight vary.
A Section 8 Microfinance Company is a type of organization that provides small loans and financial services to low-income individuals, particularly in rural or underserved areas. Unlike traditional banks, Section 8 Microfinance Companies operate as non-profit entities, focusing on social impact rather than profit-making. They aim to empower marginalized communities by offering financial resources, such as small loans and savings accounts, to support entrepreneurship, livelihoods, and poverty alleviation. These companies often prioritize financial inclusion, offering services to those who lack access to formal banking institutions, enabling them to build assets, improve their standard of living, and contribute to economic development.
Section 8 Microfinance Company refers to a type of non-profit organization registered under Section 8 of the Companies Act, 2013, in India. These companies primarily focus on providing financial services, including credit, savings, insurance, and other financial products, to low-income individuals and microenterprises. Unlike traditional microfinance institutions, Section 8 Microfinance Companies operate on a not-for-profit basis, with the aim of promoting social welfare and financial inclusion among marginalized communities. They leverage funds from donors, government schemes, and other sources to offer affordable financial services and contribute to poverty alleviation and sustainable development.
Section 8 microfinance company, as defined by relevant legislation, refers to a non-profit organization established under Section 8 of the Companies Act. Its primary objective is to provide financial services, such as small loans and savings facilities, to low-income individuals and marginalized communities to promote financial inclusion and empowerment.
Auriga Accounting Private Limited has Qualified company sectaries all over India, Hauz Khas, and Green Park. Section 8 Microfinance Company registration in India will be done by our qualified professionals In Delhi and as they have experience, they will give you the certificate within 7-10 days and provide you with all the documents related to the company immediately
Auriga Accounting Private Limited in India provides Company Registration at a reasonable price or if Section 8 Microfinance Company Registration from us then we give you a special discount. Our services are value for money and you never paid a penalty. Our clients are all over India i.e., Chhattisgarh, Assam, Maharashtra, Uttar Pradesh, Delhi, Madhya Pradesh, Bihar, and many other states, and they are very happy with us. We also give you time-to-time updates with full transparency.
For those Individuals and companies who do not have any knowledge regarding Section 8 Microfinance Company Registration, our company Representative team provides knowledge, give relevant information, and explains the full process with proper guidelines, government rules, and regulations.
We tell you what benefits you will get by opening a Section 8 Microfinance Company and, we tell you about all the compliance related to it. We start telling through messages. so that, when the last date or time comes, So, at the time of compliances, Client gets prepared about the company compliances.
The best thing about us is that our clients also tell us, that we give equal time to everyone, we are very happy that our work is liked by our clients, who are sitting in different states, i.e., Andhra Pradesh, Arunachal Pradesh, Goa, Gujrat, Haryana, Himachal Pradesh, Jharkhand, Karnataka, Kerala, and many more states. They cannot come to us, We Cannot go to them, but we are just connected through phones or E-mail. If the client gets satisfied with our work, then it is known that Auriga Accounting did a good job today.
Savings, deposits, insurance, loans, pensions, and credit are all examples of microfinance services. In a nutshell, it includes both credit and non-credit activities. Microcredit includes both a loan and credit, implying only credit activities.
Numerous researchers and decision-makers conclude that microfinance promotes entrepreneurship, boosts income-generating activity and thus alleviates poverty, empowers the poor (particularly women in developing nations), expands access to health and education, and fosters social capital within disadvantaged and vulnerable communities.
The major cons are not very different from any regular lending channels and include rising death cases among borrowers due to financial stress, deepening poverty, high-interest rates, disrespect to borrowers, and an overall decline in the community cohesiveness.
Many researchers and policymakers believe that microfinance promotes entrepreneurship, increases income-generating activity and thus decreases poverty, empowers the poor (particularly women in developing countries), increases access to health and education, and creates social capital among vulnerable and poor communities.
It all began when economist Muhammed Yunus, a nobel prize winner from the neighbouring country of Bangladesh, began making small loans to poor families in neighbouring villages to break their cycle of poverty during the famine of the 1970s. NABARD took this idea and started the concept of MFIs in India.
Auriga provide expert services which can get your new business off to a flying start. We are Compliance and finance officers for your business. Here you get simple and affordable online company registration and range of essential services. A world class technology – driven platform, offering end to end service from startup to well established firm.
By continuing past this page, you agree to our Terms of Service,Cookie Policy,Privacy Policy,Refund Policy and Content Policies.
© AURIGA ACCOUNTING PRIVATE LIMITED | 2021 | All Rights Reserved
