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Want to start a business for lending small amount of money any licence
15-Feb-2023 (In Recovery Law)
I want to start a finance business in which i will provide small loans up to 50000 to my clients. So Is there any licence for Money lending business? or Shop and establishment registration as Finance business category is works as licence? if there is separate licence then only licence is enough or both is required? If licence is necessary then in jaipur how can i get this? Please give me a detailed procedure for applying licence and charges etc.
Both registration and getting a licence for the same is mandatory. Both are different things and do not work for each other. Refer to section 29 of RAJASTHAN MONEY LENDERS ACT, 1963 for the rate of interest that will be charged. Go to assistant registrar or refer to the mentioned act.
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Adv. Siddhant Sharma
Delhi | 200+ Answers
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