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Can we do a microfinance business with a section-8 company?

Question:

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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What Is Financing? - Definition & Types

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