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Money Lender License - Eligibility & Application Procedure Introduction: A money lender license in India is a legal requirement for individuals or entities engaging in money lending activities. This license ensures that money lenders operate within the regulatory framework and comply with the relevant laws. This article provides a complete summary of the eligibility criteria and application procedure for obtaining a money lender license in India. Eligibility Criteria: To be eligible for a money lender license in India, applicants must meet the following criteria: Age and Citizenship: The applicant must be at least 21 years of age and an Indian citizen. Educational Qualifications: There are no specific educational qualifications required for obtaining a money lender license. Financial Soundness: The applicant must possess adequate financial resources to carry out money lending activities. The specific financial requirements may vary depending on the state in which the li...

How to Apply for a Small Finance Bank License in India Introduction: Obtaining a Small Finance Bank (SFB) license in India allows individuals or entities to establish a financial institution that focuses on providing banking services to the unbanked and underbanked sections of society. This article provides a complete summary of the application process for obtaining an SFB license, highlighting the key steps and requirements. Eligibility Criteria: To apply for an SFB license in India, the applicant must fulfill the eligibility criteria set by the Reserve Bank of India (RBI). These criteria include having a well-established and diversified ownership, a strong and competent board of directors, and a business plan that aligns with the objectives of financial inclusion. Preparation and Submission of Application: The applicant must prepare a comprehensive application, adhering to the guidelines specified by the RBI. The application should include detailed information about the p...