Since you'll be dealing with unsecured loans, you'll have to get a Private Money License. Once you get your Private Money License, you can register your PF company with the RBI. You can even choose to get your PF company registered as a company. This will help you manage your business better..
What is special about Navi Mumbai?
Its the worlds largest, planned, well-balanced, modern city. Navi Mumbai has been planned and developed by CIDCO to meet the infrastructural needs of a modern metropolis. CIDCO is a State Public Sector Undertaking registered under Companies Act in March 1970..
Which loan is best for business?
Since you'll be dealing with unsecured loans, you'll have to get a Private Money License. Once you get your Private Money License, you can register your PF company with the RBI. You can even choose to get your PF company registered as a company. This will help you manage your business better..
Why unsecured business loans have become popular in India?
Favorable terms and conditions: Most unsecured business loans provide low processing fees and pre-payment charges, no hidden cost, auto-renewal of loan amount upon repayment, etc. These terms make unsecured business loans more attractive than any other fund-raising option..
Small Finance Bank through Section 8 company comes under a non- profit micro-finance business.
Features.
It is exempted from RBI approval, as compared to other banks and NBFCs.
Documents Required
Register the Company
Obtaining Capital
Certificate of No Lien
Register with RBI
Filing with the RBI
The financial services sector provides financial services to people and corporations. This segment of the economy is made up of a variety of financial firms including banks, investment houses, lenders, finance companies, real estate brokers, and insurance companies.
While Mumbai is a bustling metropolis with a rich history and diverse culture, Navi Mumbai is a planned city offering more affordable housing options and modern infrastructure.
Business loans are provided by almost all major banks and NBFC's present in the city of Navi Mumbai. Entrepreneurial citizens can look for the best lenders
Indian expressway connecting New Delhi and Mumbai
The Delhi–Mumbai Expressway is a 1,350 km long, 8-lane wide under-construction access-controlled expressway connecting India's national capital New Delhi to its financial capital Mumbai. The foundation stone for the project was laid by union minister Nitin Gadkari in the presence of Sushma Swaraj and Arun Jaitley on 8 March 2019. The total project value including the land acquisition cost is around ₹1,00,000 crores. An additional 31 km long spur will also be constructed by the NHAI from Noida International Airport in Jewar to Sector-65, Faridabad on this expressway.
Under-construction bridge in India
The Mumbai Trans Harbour Link, also known as the Sewri–Nhava Sheva Trans Harbour Link, (officially Shri Atal Bihari Vajpayee Trans Harbour Link) is an under-construction 21.8 km (13.5 mi) 6-lane access-controlled expressway grade road bridge, which will connect Mumbai with Navi Mumbai–Raigad, its satellite city. When completed, it would be the longest sea bridge in India. The bridge will begin in Sewri, South Mumbai, will cross Thane Creek north of Elephanta Island, and will terminate at Chirle near Nhava Sheva. The road will be linked to the Mumbai–Pune Expressway in the east and to the under-construction Coastal Road in the west. The 6-lane highway will be 27 meters in width, in addition to two emergency exit lanes, edge strip, and a crash barrier.
Business finance in navi mumbai
Indian financial services company
Navi is an Indian financial services company founded by Sachin Bansal and Ankit Agarwal in 2018. Navi operates in the space of digital Loans, home loans, mutual funds, health insurance, digital gold and micro-loans. It currently has $100 million in revenue with $10 million in profit.
