OM HANS MICRO CREDIT FOUNDATION Incorporated under company act 2013 , under Microfinance Rules2014,
by the innovative leadership of inspired professional s in this revolutionary market
trend. A company declared as a Microfinance ( nbfi) under section 406 of the Companies
Act,2013 . Microfinance have many features which make them stand distinctly apart from
many other Non-Banking financial institutions who are working under the guide line
of R.B.I . OM HANS MICRO CREDIT FOUNDATION is one of the leading Microfinance Company.
In addition to the transparency, security and range of its gold loan products,OM HANS MICRO CREDIT FOUNDATION
distinguishes itself from others primarily on the basis
of the ease with which gold loans can be availed from our branches. The only requirement
is that borrowers present themselves at our branches with the jewellery and with
a valid ID and address proves.
Microfinance Companies Registration To start a Microfinance Company in India the first step is
to incorporate a Limited Company, under the Companies Act, 2014. Hence, During incorporation
of the Microfinance company, care must be taken to ensure that the object of the Limited
Company mentioned in the Memorandum of Association is that of cultivating the habit
of thrift and savings amongst its members, receiving deposits from, and lending
to, its members only, for their mutual benefit.
Depositors can choose from a wide range of deposit products with maturities ranging
from 12 to 60 months at competitive rates of interest and with different features
to suit the investment needs of individual Members.