A Nidhi Company is a type of non-banking financial organization that carries out the activities of lending and borrowing money among its members. Traditionally, the word “Nidhi” has the meaning “treasure.” Due to the growing complexity of the investment sector, borrowing and investing money is difficult for small households.The idea of a Nidhi company was introduced to help these households. The primary reason that the Nidhi Company was found to encourage its members to live frugally and save money. In this article, several key points about the Nidhi Company will be discussedif you are planning to establish a Nidhi Company. The Nidhi Company: A Quick Overview According to Section 406 of the 2013 Companies Act, a Nidhi company is a particular kind of business in the non-banking finance industry of India. Their primary activity is to borrow and lend funds to their members only. They go by several names, including mutual benefit funds, permanent funds, and benefit funds. The Ministry