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Karnataka revises microfinance ordinance after Governor’s concerns
short by / on Monday, 10 February, 2025
The Karnataka government is revisiting the Karnataka Micro Finance (Prevention of Coercive Actions) Ordinance, 2025, after Governor Thaawarchand Gehlot returned it with concerns. The ordinance seeks to address illegal loan recovery practices by microfinance institutions (MFIs), proposing severe penalties including up to 10 years in prison.
read more at News Karnataka