Small money lending business

Gunasekaran (Querist) 06 May 2019 This query is : Resolved
Would like to small money lending business at home in TamilNadu state, so please let me know the licence registration cost for capital cost between 2 - 3 lakhs.

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P. Venu (Expert) 07 May 2019
If at all there is a law, it would be a local law.

Isaac Gabriel (Expert) 08 May 2019
You should obtain licence under the money lendors act from the local tehsil.

Dr J C Vashista (Expert) 09 May 2019
Deputy Commissioner is licencing authority under Money Lenders Act.
It would be advisable to consult a local prudent lawyer for better appreciation of facts/documents, guidance and proceeding.

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