Starting a Finance Business in India: How Do I Register a Nidhi Company?

I want to start a finance company like Micro Finance, however, couldn't get it, and my company got rejected thrice. After a little research, I found that a Nidhi Company is easy to start, and it is the best way to start the finance business. Please tell me how can I register a Nidhi Company in India?

Benefits of Nidhi Company Registration

Nidhi Company registration is the only available option to start a finance business in India. Other options are very costly. Here are some of the important benefits of Nidhi Company registration over other forms of business:

- Cheapest form of finance company, get registered within 50 to 55k.
- Takes only 15 days to register a Nidhi Company in India.
- Nidhi Company can accept deposits up to 20 times the capital invested.
- One can earn 20% interest on loans.

To get more information about the Nidhi Company, please refer to the following links:
- https://www.hubco.in/articles/nidhi-...y-registration
- http://www.mca.gov.in/Ministry/pdf/N..._Chapter26.pdf