Bengaluru: The Karnataka Micro Loan and Small Loan (Prevention of Coercive Actions) Ordinance, 2025 that awards 10-year rigorous jail imprisonment, imposition of Rs. 5 lakh fine, action against black money and immunity against the harassment of money lenders, was passed in the Legislative Assembly yesterday. Law Minister H.K. Patil tabled the Ordinance on behalf of…
Accused booked under ‘The Karnataka Micro Loan and Small Loan (Prevention of Coercive Actions) Ordinance, 2025’ to face maximum 10-year jail and Rs. 5 lakh fine: Chief Secretary Shalini Rajneesh Bengaluru: The newly notified The Karnataka Micro Loan and Small Loan (Prevention of Coercive Actions) Ordinance, 2025, puts a brake on forcible recovery of loan…
Nanjangud: Unable to bear the harassment of micro finance firms to repay the loan amount, the villagers, who have allegedly defaulted on repayment of loan, are deserting villages in Nanjangud taluk, the trend that has surfaced after a similar development was reported in Chamarajanagar district recently. The micro finance firms, that lend the amount to…
Proposes a body to check harassment Mysuru: State BJP OBC Morcha President R. Raghu Kautilya has said, a Committee of concerned public, Advocate and Police should be formed to check the menace of micro finance firms that have been harassing the poor after advancing loan to them. He was addressing media persons at City BJP…
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