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Tag: coercive action money lending karnataka

How the state’s new Ordinance proposes to crack down on microfinance institutions

Posted on February 18, 2025 By admin
How the state’s new Ordinance proposes to crack down on microfinance institutions

The story so far On February 12, 2025, after days of deliberations, the State government promulgated the Karnataka Micro Loan and Small Loan (Prevention of Coercive Actions) Ordinance, 2025, which aims to crack down on unregistered and unlicensed microfinance institutions (MFI) and moneylending agencies or organisations that employ forceful means to recover loans given to…

Read More “How the state’s new Ordinance proposes to crack down on microfinance institutions” »

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