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MFIs, SFBs May Face the Heat as TN Seeks to Curb Coercive Recovery
Financial Express Hyderabad
|April 29, 2025
Collections May Be Disrupted
The Tamil Nadu government's Bill seeking to protect people from coercive recovery methods of money lenders is likely to impact credit discipline and collection efficiency of microfinance lenders. Tamil Nadu is the second-largest market for the ₹3.85-lakh-crore microfinance industry.
"It will certainly disrupt collections in the near term," a senior executive at a microfinance entity said, adding that while regulated entities may be kept outside its scope, the Bill does not clearly define the categories of lenders.
This story is from the April 29, 2025 edition of Financial Express Hyderabad.
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