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How to start a new microfinance in karnataka

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 November 2015 I am planing to start a new small MFI(10lakh capital) in rural place, please suggest how to get licence, what is the cost to get licence & what all document required & laws.
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praveen

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praveen (Expert)
06 November 2015 You can take a money lenders license and start ur business.. Rbi registration might also be required I am not sure.. Let's wait for other experts https://m.facebook.com/missingentry/
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