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Can I start microfinance business in 5 lacs ?

I want to start microfinance business….but I don’t know how much money needed for and what kind of
license and registration required for this.

somewhere people said to me lots of money required for starting microfinance business and  RBI rule is 25 lacks
for license or 2 corer for starting business. i want to know it is true of false…

I have 5 lacks rupees so can I start ??

please guide me…

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