How To Start Your Microfinance Company Registration In Few Days

Microfinance is a different kind of financial service oriented Company (like bank) that offers basic financial services to the people. It can help the clients in providing, savings, deposits, micro loans and micro Insurance to the needy people and small organizations.

But now, the total numbers of MFI has grown up significantly. As on 2017, there were more than 220 MFIs have done their Company Registration in India and working effectively in serving the common people. If you want to register a NBFC company and want to make an investment of Rs 5 crore into it, there is no acceptance to deposits. According to RBI process, NBFC non deposit taking Company should be registered initially. Afterwards application must be done for deposit taking status from the RBI.

Two type of Microfinance

There are basically two types of Microfinance Company .that we can find in India.

Microfinance Company that is regulated by the Reserve Bank of India (RIBI)
Section 8 Company as Non-Profit Organization (NPO).
Why Start Microfinance Company?
Microfinance has changed the impression of financial service sector in the whole World. It has revolutionized the overall financial industry. Starting MFI is a great option for many industry enthusiasts and entrepreneurs. It is also beneficial for both the owner and the services receivers.

Improve the life prospects of Poor People

The introduction of Microfinance was intended to end poverty. MFIs offer basic financial services and micro loans to the underprivileged section of the society. They fulfill the basic financial requirements of the poor and improve their overall life prospects.

Huge Market to Explore

The success of any business depends on the availability of clients. The more clients are there, the company prospects get improved. Around 38% of the total population in India lives in poor condition. Hence, there are millions of people are waiting to get services from a Microfinance Company.

Loan to the Poor

Banking institutions award credit and loans to the resourceful people, only. Poor people usually can’t get any type of credit assistance from the banks. But, MFIs provide loans to the impoverished people and unorganized firms, mainly. With the loans, they can utilize it to improve their life or business prospects.

Chance of better loan recovery

MFI provided micro loans are very small in size. And those loans are also provided with easier repayment terms. Hence, it’s easy to recover the loan amount without many efforts. Most of the Micro loans are provided to the women. It was seen that women are less likely to default a loan in compared to the men.

Requirement of Microfinance Company Incorporation
There are numbers of rules and regulations that need to follow if anyone wishes to begin with Microfinance Company Incorporation.

The net possessed asset should be ¹5 Crore or more. If the organization is from the north-east zone, then asset prerequisite is ¹ 2 Crore or more.

Deposit ¹ 2 Crore as fixed deposit in any bank and get ‘no lien’ certificate.

One of the Company Directors should have 10+ years of experience.

Microfinance Companies are strictly regulated by the Reserve Bank of India (RBI). Hence, it requires certification of approval to start an MFI.

People need to decide the structure of their Microfinance Company like Private Limited or Public Limited. In case of Private Limited, 3 member/shareholder and 2 directors are required. If it is Public Limited, then 7 members/shareholders and 3 no. of directors are essential.

Application for Microfinance Company Registration

Digital Signature Certificates (DSC) is essential for all members and directors.
Director Identification Number (DIN) is crucial for the Director of the MFI.
Apply to the Registrar of Companies (ROC) for the name confirmation of your new MFI. It can be done online by using the Reserve Unique Name (RUN) portal.
To complete the registration process of the Microfinance Company, people can apply to the Registrar of Companies (ROC) along with below mentioned documents.

Articles of Association (AOA),
Memorandum of Association (MOA),
Board Resolution Copy of the Firm,
Copy of the Fixed Deposit credential by the auditor,
Copy of the ‘no lien’ certificate got from the respective bank,
Directors total assets declaration and late credit report.
10 years Experience certificate of the Director in financial industry,
Net Worth Certificate of the Director,
All shareholders and directors of the company must submit the copy of their Identity and address proof.
Company Address Proof.
After the submission of all these documents to the ROC, people need to wait for more 10-15 days for the incorporation certificate. After the incorporation is done, people have to apply for PAN (Permanent Account Number) and TAN (Tax Account Number) for the newly incorporated MFI. Also, a current account for the same is necessary.

Get a highly experienced professionals team for microfinance company, section 8 company, nidhi company registration services and always keep ourselves updated to all latest technical updates, development and changes for it.

Squeezepage 101 – Lessons for the Internet Marketer Wannabe

By definition, squeeze page is a landing page that is made to solicit e-mail addresses from among potential subscribers who would want to opt-in. In the world of direct marketing, having a list of subscribers is a very important tool that any marketer must not do without. On the world of digital technology, having e-mail lists pretty much serves the same purpose.

There is a down side to e-mails since, nowadays, there are much more spam when compared to the real bulk of messages. Most consumers are now wary when it comes to receiving e-mail messages from unknown sources. Squeeze pages were created to allay these fears of being ‘spammed’ or, worse, being sent a virus that would eat up the user’s system.

Experts on online businesses have come up with the idea of squeeze pages that explain the business’ privacy standards and also what the recipient will be getting. It has been observed that online businesses that have squeeze pages have experienced reasonable increases on their visitor-turned-to-subscriber rates. This is the exact reason why more and more online businesses are resorting to squeeze pages.

The general rule to squeeze pages is to keep information and contents concise. The page’s goal is to get e-mail addresses from visitors (any other unrelated or irrelevant information would often drive the visitor away). This is why most squeeze pages do not have hyperlinks or even navigation bars. It’s just one or the other-register or click away.

As an internet marketer, it your duty to convince a casual visitor to opt-in by, primarily, providing their e-mail addresses. Once this is done, an internet marketer has all the opportunities in the world to send marketing messages, establish a relationship with the client, eventually sell something, then maybe even cross sell other products or get some referrals.

Squeeze pages work well with Autoresponders. An autoresponder works by sending out standard response e-mails to all who have sent messages (this buys the person enough time to respond when he is already available). When these two work hand in hand, they can be utilized to present direct download links to obtain some information. Take note that there is a higher opt-in rate to those internet marketers who promise information once the visitor provides an e-mail address. Another good way to spice up squeeze pages is to incorporate some music or videos on them.

To become a successful internet marketer, you must fully utilize squeeze pages. To come up with a convincing squeeze page, just follow these simple guidelines:

1. Keep squeeze pages concise and direct.

2. Make it clear that they can opt-in and also ‘opt-out’.

3. If you could stick to just a single page, do so.

4. Create an opt-in box that would immediately catch the visitor’s attention.

5. Come out straight-tell them that you have no intention of sending any spam messages.

6. Make an offer that people would find hard to refuse.

7. Number all the benefits that they could get by opting-in.

8. Create a headline that ‘tells it all’ and ‘shouts to the world’.

9. Try posting some relevant videos on YouTube that would link to your eye-catching squeeze page.

10. If you are not into technical stuff, you could opt to have squeeze page templates online. Just fill in with all the information that the templates require and your squeeze page is good to go.

There are so many advantages for an internet marketer when he chooses to use a squeeze page. The results may not automatically show but down the road, the income could suddenly start pouring that you would even wonder why it took so long. The list of your visitors would just continue to grow (for as long as they don’t opt-out) and you might eventually convince them on one of those e-mail messages that you constantly send.

It is also important for all internet marketers to keep track of the number of visitors and squeeze pages can lead you back to the visitors’ contact information and you could confirm how much visitors have become clients. As a newbie on Internet marketing, it is necessary to build your reputation. Being professional-looking (even without having a site of your own) could be achieved by having squeeze pages.

Top Three Benefits to Direct Selling Opportunities For Women

In the current economic state, people are searching for ideas to make additional money. Many direct selling opportunities for women exist but why would you want to get involved? What is Direct Sales anyway? Direct sales is earning a percentage or commission from a product you sell directly to the end user. Let us examine the benefits to determine why so many women join direct sales companies everyday.

Top Three Benefits to Direct Selling Opportunities for Women

1- First and foremost: Money-Unlimited income potential. Women are looking to generate extra spending money each month for themselves, pay for family vacations, help with household expenses or pay down debt. Direct sales is growing every year and has reached $29.6 billion in the U.S. and $114 billion in sales worldwide according to the 2010 Direct Selling Association. How would you like to earn a percentage of the direct sales market? How would you like to get paid just for helping other people succeed in direct selling opportunities? The income potential is unlimited.

2- Flexibility! Direct selling opportunities for women allows us to prioritize our lives around our personal and family’s needs. We can decide to commit 5-10 hours per week, 10-15 hours per week or more if you really want results fast. Keep in mind though, consistency equals results! The beauty of this industry is that we decide the amount of time for ourselves. We control our own flexible schedule. If we are a night owl or early bird, we can work at whatever time is convenient for us. We need to Decide-Commit-Succeed!

3- Home-based! Operating a business out of your home is great for a number of reasons. Household expenses can be deducted from your yearly taxes. Save money on gas by not having to drive to work. With what seems to be constantly increasing gas prices, this could be quite an underlying savings. If you have small children, work around their schedule or while they are napping. Depending on the direct selling opportunity you choose, it can be portable. Maximize your time while at your child’s sports team practice or on your family vacation.

So, what do I personally think are the best benefits to operating a Direct Selling Opportunity as a woman? I’m a stay-at-home mom of four and the unlimited income attracted me the most along with the capacity to help other people earn money, being able to work around my children’s schedules and the ability for our family to take 6-7 week vacations around the country in our motor home.