Fcra

This query is : Resolved 

29 August 2012 please any one can tell me that micro finance by ngo to group of ladies through formation of a cluster is legal way to distribute seed money and permitted by fcra.

29 August 2012 FCRAis only applicable if money/charity/donation is received from foreign sources.

Anuj
Femaquery@gmail.com

29 August 2012 Anuj sir ngo get the donation for distribute the money as a seed money to beneficiaries, so can ngo distribute it through cluster system, is it legally possible


30 August 2012 There might be issues with the NBFC laws.

Also FCRA doesn't come into picture money from outside India is received.

Anuj
femaquery@gmail.com



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