India’s Nidhi companies are witnessing robust growth, fueled by nationwide financial literacy campaigns that are deepening trust and expanding membership bases. These community-based mutual benefit societies have reported a 28% increase in first-time depositors...

 The Union Finance Ministry has announced enhanced support measures for Nidhi companies maintaining full regulatory compliance, recognizing their role in grassroots financial inclusion. This policy shift includes faster approval processes for compliant firms,...

 Financial regulators have issued a nationwide alert cautioning Nidhi company depositors about sophisticated cyberfraud schemes targeting savings accounts. The advisory follows a 217% spike in phishing attacks and social engineering scams impersonating legitimate...

Leading Nidhi companies are embracing cloud-based accounting solutions to enhance operational efficiency and regulatory compliance in the digital era. This technological shift enables real-time financial monitoring across branches, automated reconciliation processes,...

Registered Nidhi companies are witnessing a significant surge in digital loan disbursements as they embrace technology-driven financial solutions. This shift reflects the sector's growing adaptation to digital transformation, enabling faster processing and improved...

A comprehensive comparative study analyzing Nidhi companies' performance over the past decade reveals significant growth patterns and evolving challenges in the sector. The research highlights a 142% increase in total deposits across registered Nidhis since 2013,...

The government is reportedly evaluating potential tax incentives for Nidhi firms that maintain strong compliance records, signaling support for the sector's growth. This move could reward well-managed companies with lower tax burdens or exemptions, encouraging...

A self-regulatory body has been proposed to oversee registered Nidhi firms, aiming to enhance governance and accountability within the sector. This initiative seeks to empower Nidhi companies with a structured framework for compliance while reducing excessive...

The recent simplification of Nidhi incorporation rules has been widely welcomed by the sector, as it eases the process of establishing new Nidhi companies. The streamlined procedures reduce bureaucratic hurdles, allowing faster registration and operational readiness....

Real-time deposit tracking has become a crucial feature for large Nidhi firms, enabling them to monitor transactions seamlessly and efficiently. This technology allows these firms to maintain accurate records of deposits, ensuring transparency and compliance with...