India being a land of increasing opportunities and
resources is now on the path of promoting entrepreneurship. The
Government is constantly encouraging the citizens to change their
approach from being job seekers to job givers. Major challenge on
this arena lies in the availability of capital. In order to
facilitate the same policies (such as 'StartUp India'
'StandUp India') have been introduced. The Government is
also encouraging more entities to enter into the domain of
financing so as to increase the business productivity in the
country.
Non-Banking Finance Companies
A non-banking financial company (hereinafter referred to as
"NBFC") which is a company registered under the Companies
Act, 2013, and governed as per the provisions of the Reserve Bank
of India Act, 1934 (hereinafter referred to as the
"Act"), aims towards financing, whether by way of making
loans or advances or otherwise, of any activity.
