Money lending licenses play an important role in the business field. Those people who engage in money lending business, should have registered for a money lending license. Every state has a different registration process for a money lending license. In Rajasthan also, there are some formalities for a money lending license. The Rajasthan Money- Lenders Act, 1963 deals with the money lending license related matters. 7 to 15 days are consumed in processing time of money lending registration.
PAN card of Applicant
Aadhar Card of Applicant
Last Three (3) Years Income Tax Return along with computation of Income
Resident Certificate of Applicant
Character Certificate of Applicant duly issued by Gazetted Officer in two Copies
Last 1 Year Bank Statement
Details of Previous business, if any
Applicant should 18 years old or more than 18 years (If minors are applying then apply through a guardian)
Citizen of India
Applicant should not knowingly participated in or connived at any fraud or dishonesty in the conduct of or in connexion with the business of money-lending
The applicant should not have got his/her licence cancelled within the last six months or the prescribed period before the date of current application.
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The Licence issued is valid for a period of 5 Years. Licence can be renewed before the expiry of Validity.
For getting a money lending license, you should follow the following steps.
To apply, the eligible person has to apply with required documents to the SDM office in their respective tehsil designated to process the request.
In the given web page on the respective district name to get a new page. Here, Copy the url provided under “On Web” and paste it in a new explorer to reach the respective portal. In the given page, please select the menu list icon provided on the top right corner of the page or listed on the left part of the page to get options. Here, select the sub option “Contact Directory > District Administration” or “About ‘district name’ ” > “Administration” for contact details.
Please go to the respective office. Consult with the respective authority about the updated information to acquire the license.
Get the form for this license or write on a plain paper as advised.
Submit the completed application along with required documents to the receiving authority.
Authorities after checking the application and documents will make entries at the respective register and provide the applicant a record number for reference.
Keep it safe for future reference.
This application will be processed further.
If the applicant’s details are matching the norms and the place for which license sought is also approved, applicant gets intimation for the rest of the process.
Please follow the department’s guidelines in getting the sanction and obtaining a license.
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