Main objective is to encourage and afford all facilities for Cultivating thrift, Saving habits and to render all financial assistance to its members by receiving long and short term deposits and in particular recurring, fixed and other deposits. Regulated by law for Nidhi 01 Mutual Benefits Companies. In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient (i.e. the borrower) incurs a debt, and is usually liable to pay interest on that debt until it is repaid, and also to repay the principal amount borrowed.