Product description:Nidhi Company is also known as Permanent Fund, Benefit Funds and Mutual Benefit Company. It belong to the Non Banking Financial sector and recognized under section 406 of the Nidhi Company Act 2013, the reason behind choosing Nidhi Company needs minimum 7 members with Minimum 5 lakhs capital for incorporation that is very low compared to start of any other from of NBFC of Banks and limitations of Nidhi Company is it can borrow and lend money only between its members. It inculcates the habit of saving among its members and works on the principle of mutual benefit. Nidhi Company is one of the classifications of Non-Banking Financial Company (NBFC) which does not require any Reserve Bank of India (RBI) permit. Nidhi Company works though its individuals.