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A Nidhi Company is a type of Non-Banking Financial Company (NBFC) governed by the Companies Act, 2013. Its primary purpose is to promote savings among its members and provide loans to them at lower interest rates compared to traditional banks. Unlike other NBFCs, Nidhi companies are restricted to dealing with their members only and do not require a Reserve Bank of India (RBI) license to operate. This makes them a popular choice for people looking to form mutual benefit societies.
With advancements in technology and digital infrastructure, registering a Nidhi Company has become a streamlined process. Entrepreneurs can now apply for Nidhi Company registration online, making the entire process more efficient and accessible.
What is a Nidhi Company?
A Nidhi Company operates as a mutual benefit society, helping its members save money and access funds in times of need. It accepts deposits from members and provides loans to them based on mutually agreed-upon terms. Nidhi companies primarily
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