A Section 8 Microfinance Company is a non-profit organization registered under the Companies Act, 2013, primarily engaged in providing small financial assistance to low-income groups and rural communities. Unlike NBFCs, a Section 8 Microfinance Company does not require RBI approval, making it an affordable and easy-to-register option for microfinance activities in India. https://chandigarh.indads.in/item/1280818/