What is Nidhi Company? Most of us would’ve heard about the Nidhi Company, but we are not wholly educated about the company. The process and cycle of deposits and loans are quite common. The Nidhi Company is one such. Let us know what exactly is the Nidhi Company, what are all the strategies, and the processes involved, and the pros and cons of it. What exactly is the Nidhi Company? An Indian non-banking finance sector that permits people to borrow and lend money between their shareholder members is called the Nidhi company. Being registered under the Companies Act, the company aims at working with the principle of mutual benefits that…
