How to Apply for Pawn Brokers or Money Lending License in Telangana Application Form and Apply via MeeSeva Center tg.meeseva.gov.in

Discussion in 'Services by TG-MeeSeva' started by tgMeeSeva, Nov 16, 2015.

  1. tgMeeSeva

    tgMeeSeva Administrator Staff Member

    HOW TO APPLY FOR PAWN BROKERS LICENSE / MONEY LENDING LICENSE IN TELANGANA
    Pawn Broker is a business of old time. In pawn broker’s business, he lends money in short term credit on high rate of interest to their clients. The amount of land / pledged dependent on the value of good, pledge pledged. To provide this service, you have to get a license under the act of pawn brokers Act, 1943. Pawn brokers is a person who lends money / provides loan on pledged of goods. Any person can carry this business at any place, but need a license to carry this business at any place. The pawn broker license is given after certain verification. If concerned authorities found that applicant is not of good character then concerned officer will reject the application form. The license is grant for certain validity, after this it should be renewed. If the pawnbroker license of applicant is lost or destroyed then he / she can apply for duplicate license under the rule 4(1) of pawn brokers Act.

    The money lending is a service to provide loan to the needy peoples at certain rates. Both the businesses pawn broker or money lending are almost same because in both the businesses the money is lend but in pawn broker business money is lend at high rate of interest and in Money lending business, money is lend at a certain rate of interest. For both the businesses, applicant has to take license from Government to run this business. The pawnbroker license or money lending procedures both are same.

    PROCEDURES FOR APPLY PAWN BROKER / MONEY LENDING LICENSE THROUGH MEESEVA
    Procedures for applying pawn broker’s / money lending license are:

    First Step: Applicant has to visit to the nearest department of MeeSeva centre or on the official website of the department which is below given:

    Second Step: On the next given page, we can see services provided my MeeSeva in Telangana are to be given and for downloading application form click on ‘MeeSeva services forms’ option or directly go to the below given link:

    Third Step: On that page, departments name are to be given such as: aadhaar ,aarogyasri, agriculture, CDMA, civil supplies, commissionerate of industries , Department of Factories etc. for downloading application form of Pawn Broker License or money lending license, click on the District Administration department.

    Fourth Step: From there you get an application form, download the application form, and take a print out of form in the prescribed format of A-4 size.

    Fifth Step: After taking print out of application form, fill all the asked details in the application form. All the details to be filled in application form should be correct; because details and spelling you fill in application form will be given in your documents. Details to be filled in application form should be in capital letters.

    Sixth Step: Attach all the documents to be required with application form. The list of documents are mentioned below..

    Seventh Step: After this visit to the nearest Meeseva center of your region /area, and submit the application form with documents. They will ask you for some small fee charges. After depositing fee charges for further required processes. Give your details like phone number to the department for giving information. They will give an acknowledge slip. It is a proof of applying through MeeSeva center.

    Eight Step: After this meeseva , forward your applicant to Tahasildar, then Tahasildar verify your application about applicant behavior, identity, address verification etc.

    Ninth Step: After tahasildar, satisfied then he forward the application to joint collector officer, the joint collector check your application. If he seems your application correct then after certain time you will get your Pawn Broker / money lending license from meeseva center.

    LINK OF APPLICATION FORM
    A. There is the link for applicant form for Pawn Broker’s license; applicant can directly download the application form. Link is:

    B. Link for downloading application form for money lending license. Applicant can directly download the application form from the below given link:

    NECESSARY DOCUMENTS FOR REGISTRATION
    0> An application form is required.

    0> A copy of national saving certificate of RS 10,000.

    0> A copy of address proof, such as:

    • Ration card
    • Electricity bill
    • Voter Id card
    • Telephone bill
    0> A copy of PAN card.

    0> An attested copy of property documents.

    0> Applicant bank statement of above six months should exceed balance of RS 1,00,000.

    0> A copy of registration of firm.

    0> An affidavit.

    0> A copy of rent deed / lease, if shop property on rent / lease.

    0> One recent passport size photograph.

    PRESCRIBED FEE FOR PAWN BROKER / MONEY LENDING LICCENSE
    • The fee charges for pawn broker or money lending license are same charged by the meeseva are:
    • Service charges: to be charged are RS 35. And renewal fee charges of license are RS 35.
    • Statutory charges: statutory charges for new application are RS 1,000. And for renewal of license statutory charges is RS 750.
    • Fee charges for duplicate copy of license are RS 30.
    PROCESSING TIME
    The processing time for license of pawn broker / money lending license for new license is 45 days. And processing time for renewal of license is 30 days.

    DETAILS TO BE FILLED

    Name of the applicant

    Father name

    Gender religion

    Nationality

    Caste category

    Residential address

    • Door number
    • Street
    • Location
    • Village
    Shop address
    • Door number street
    • Location
    • Village
    • Pin code
    Proof of address

    If applicant is native of an Indian state

    • Full address in such Indian state
    • A list of properties owned in such state
    The financial year for which license is applied

    Applicant is made for grant of new license

    Fee paid particulars

    • Challan no
    • Challan date
    • Challan amount
    • Bank and branch
    Signature of applicant

    CONTACT DETAILS
    For Contact details of meeseva centre, applicant can visit to the below given link. There you get contact details of centre.

    CALL CENTER NUMBER
    Applicant for any kind of complaint or help, applicant can also call on call center number:
    • Call center number- 1100
     

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