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Is there some kind of license from govt. needed for doing money lending business in India for native Indians?



I am a native Indian and occasionally I indulge in business of money lending on a very small scale.Is it essential to get some approval or license from Government of India?

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This entry was posted on Tuesday, August 26th, 2008 at 8:49 am and is filed under How Does Money Lending Interest Work. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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One Response to “Is there some kind of license from govt. needed for doing money lending business in India for native Indians?”

  1. whadda-dingo-gal August 26th, 2008 at 10:28 pm

    not that i know of, but i’m not from india.
    :-)

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