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K'taka govt resubmits microfin ordinance to Guv, with clarifications
The New Indian Express Hubballi
|February 11, 2025
Says legislation does not curb one's basic right, Gehlot had returned the ordinance on Friday
THE Karnataka government on Monday re-submitted the Karnataka Micro Loan and Small Loan (Prevention of Coercive Actions) Ordinance, 2025, to Governor Thaawarchand Gehlot as it was, with a reply defending that it does not curb one's basic right, neglect the interest of lenders nor does it restrict loan recovery.
The ordinance, with no changes but with clarifications on the issues raised by the governor, was resubmitted with an appeal to him to reconsider and issue the order, official sources in the law department confirmed.
The governor had on Friday returned the ordinance seeking clarifications on various issues, including punishment and penalty for contravention of the law.
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