The Indian financial system consists of several institutions that support credit delivery and financial inclusion. Among them, Non-Banking Financial Companies (NBFCs) and cooperative banks play an important role in providing financial services to individuals, small businesses, and underserved communities. This study aims to examine the structural, operational, and regulatory differences between NBFCs and cooperative banks in Delhi. The research evaluates aspects such as regulatory framework, financial services offered, accessibility, lending practices, and customer outreach. The study finds that NBFCs are more flexible in lending and focus on faster credit delivery, whereas cooperative banks emphasize community-based banking and deposit services. Both institutions contribute significantly to financial inclusion but operate with different institutional frameworks and regulatory structures.