Can we do a microfinance business with a section-8 company?
Micro Finance Business
A micro Finance business refers to the process of providing or setting up banks in areas where supply of banking facilities is limited.
Answer and Explanation:
A micro finance company comprises of two types of companies. One type include NBFCs (Non Banking Financial Services) and the other type include Section 8 Companies like NGOs or Trusts. Hence, it is possible to do a micro finance business with a section-8 company.
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Learn more about this topic:
from Corporate Finance: Help & ReviewChapter 8 / Lesson 7