FAQ's

What is Jodhpur Gramin Nidhi?

Jodhpur Gramin Nidhi is a Company which carries on the business of accepting deposits and lending the same on demand. Jodhpur Gramin Nidhi is similar to NBFC but the only basic difference between the two is that Jodhpur Gramin Nidhi accepts deposits only from its members. The main aim of these Nidhi is to work for the mutual benefit of its members.  Jodhpur Gramin Nidhi is not entitled to carry on the business of Hire Purchase Financing, Insurance, Chit Funds, and Acquisition of securities or Issue of any Debt Instruments.

What provisions are applicable to Jodhpur Gramin Nidhi?

  • Jodhpur Gramin Nidhi is incorporated into the nature of Public Company so rules and regulations of Companies Act, 2013 are applicable.
  • RBI provisions related to Interest rate payable on deposit are applicable to Jodhpur Gramin Nidhi. But the core provisions of RBI are not applicable to Jodhpur Gramin Nidhi as RBI has exempted the Jodhpur Gramin Nidhi from the same.
  • Nidhi Rules, 2014.
  • What are the advantages offered by Jodhpur Gramin Nidhi?

  • Jodhpur Gramin Nidhi is a single office institution governed exclusively by its members with no involvement of the third party.
  • Provide loans at minimal interest rates and minimum documentation.
  • Secured investments are guaranteed by Jodhpur Gramin Nidhi.
  • Are the Deposits with Jodhpur Gramin Nidhi safe and secured?

    Yes, the Deposits with Jodhpur Gramin Nidhi is safe and secure because the Ministry of Corporate Affairs and Reserve Bank of India has framed rules and regulations to ensure the safety and security of Deposits. And the Jodhpur Gramin Nidhi compulsorily abide by the rules of Central Government.

    Who can become the shareholder/member of Jodhpur Gramin Nidhi Company?

    Any person who is above 18 years of age as per the standard age proof can become a member of the Jodhpur Gramin Nidhi. The person desirous of becoming a member should have valid ID Proof and Address Proof.

    What are the Documents required to a member for join Jodhpur Gramin Nidhi?

    Following are the documents required for Join Jodhpur Gramin Nidhi.

  • Copy of a PAN Card & Aadhar Card.
  • Copy of Identity Proof (i.e. Voters ID Card, Driving License, Rasan Card).
  • 2 Passport size photograph.
  • On what condition Jodhpur Gramin Nidhi can provide a loan to its members?

    Jodhpur Gramin Nidhi can provide loans to its members only after the members have given/ provided some securities like Gold, Property, Deposit or any type of financial securities against the loan.