Money lending business in jaipur, rajasthan

RAJESH BENIWAL (Querist) 15 February 2016 This query is : Resolved
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.

And please tell one more thing that i am operating this business from my home so d i need do registered under shop & establishment act?

And yes i am going to do it as sole proprietorship.

Thanks in advance.

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S Raut (Forensic Expert : IFS) (Expert) 30 March 2016
You can apply for license under the Rajasthan Money Lenders' Act

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