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Law against microfinance cos within 2 days, says home minister
The New Indian Express Mangaluru
|February 01, 2025
HOME Minister Dr G Parameshwara said on Friday that the law to control harassment to people by microfinance firms is expected to be ready within two days.
HOME Minister Dr G Parameshwara said on Friday that the law to control harassment to people by microfinance firms is expected to be ready within two days. The new law was discussed with CM Siddaramaiah and the concerned minister.
Parameshwara said they are bringing out a comprehensive law to safeguard borrowers facing harassment. "The lenders might go to court. We discussed this and other issues to safeguard people," he added. He said there are many laws related to microfinance firms. "The CM directed us to review these laws and to form a new legislation to safeguard borrowers. We will finalize it in the next two to three days," he added.
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