Tag Archives: RD and MIS

Is this possible to do Micro Finance Business or Gold Loan by Nidhi Company?

Nidhi Company isn’t permitted to do the Micro Finance business in India. Micro Finance credit is a kind of business that has been specially assigned to Non-Banking Financial Companies (NBFCs) with the status of MFI with a minimum net owned fund of Rs.5 crore. In this article, we will discuss Micro Finance Business or Gold Loan by Nidhi Company.

What all are allowed?

Nidhi Companies isn’t allowed to do any kind of microfinance business or in other words, it is said Nidhi Company isn’t allowed to afford unsecured loans to their members. Nidhi Company can only lend a secured loan that too only to its members. Further, Nidhi companies are allowed to advance loan only to the following securities:

Nidhi Company-Features, Advantages and Limitation in India


Nidhis are companies registered under Section 406 of the Companies Act, 2013 and are regulated by the Ministry of Corporate Affairs (MCA). Section 406 of the Companies Act of 2013 and the Companies (Nidhi Companies) Rules of 2014 provide all the provisions concerning the incorporation and governance of the Nidhi Companies in India.

Basic Objective of a Nidhi Company:

The objective of Nidhi Company can only be of cultivating the habit of thrift and savings amongst its members, receiving deposits from and lending to its members only for their mutual benefit.

Total Nidhi Software Management Systems Under One Roof

We are a top-rated Nidhi Company Software provider in India. Our Nidhi Software helps you focus on your business by speeding up your work and reduces the time needed to perform account management and organizational responsibilities, improving effectiveness and driving out costs and increasing profitability.

Members/Employees Management

We customize your software according to your need which is to manage all details with the report like, member/customer management, online member/customer registration, online member/customer panel.

Looking for a flexible and easy to use Microfinance or Nidhi company software?

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The software is simple and easy to understand. A person can master this software in very little time with basic computer knowledge.

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✅ Nidhi Banking Software starting in just Rs. 69,999

Customized Microfinance/Nidhi Software

With many years of experience in software development, we have built Softwares for Microfinance/Nidhi. Having software for your Microfinance/Nidhi will hugely improve communication between all of those people within your community. A purpose-built Software will allow you to engage with customers, employees and your community on a regular basis meaning all Software users can be instantly informed of anything exciting, important dates, Deposit Amount or Loan.

ACMS online Software for RD, FD, Micro-finance, MIS and Loans

ACMS is online software-based NBFC Software built especially for NBFC with automatic posting of business data to accounts module. ACMS is a .NET based centralized database online software for NBFC with operations such as Fixed Deposit, Recurring Deposits, Daily Deposit Schemes, Loan to Customers, Monthly Income Schemes, Dividend declarations, etc. ACMS handles the Members details. ACMS handles all FD A/c, RD A/c. ACMS handles management of Pass book and Bond. ACMS handles all kinds of Loan operations, Printing Loan Ledger, Automatic Interest Calculations.

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