Denemek ALTIN - Özgür
Up To 10-Yr Jail For Violation Of Microfinance Law
The New Indian Express Mysuru
|February 04, 2025
Revised Draft Sent To Governor For Nod; Imprisonment Up From 3 Years, Fine Could Be Up To ₹5 Lakh
The revised draft of the Karnataka Micro Finance (Prevention of Coercive Actions) Ordinance, 2025, sent for Governor Thaawarchand Gehlot's approval on Monday, includes longer punishment for violation of the law. It has been increased from three years to a maximum of 10 years.
The expert committee headed by Law and Parliamentary Affairs Minister HK Patil decided to increase it, and it is expected that the governor will give his approval for the ordinance on Tuesday, official sources informed TNIE.
The Siddaramaiah cabinet had decided to promulgate an ordinance to protect and provide relief to economically vulnerable groups and individuals, especially farmers, women and women's self-help groups, from undue hardship of usurious interest rates and coercive means of recovery by Micro Finance Institutions, money lending agencies or organisations operating in the state.
The highlights of the stringent law are:
Bu hikaye The New Indian Express Mysuru dergisinin February 04, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
Zaten abone misiniz? Oturum aç
The New Indian Express Mysuru'den DAHA FAZLA HİKAYE
The New Indian Express Mysuru
Time for quick reset in India’s policies: Expert
UNITED States Commerce Secretary Howard Lutnick claimed the US-India trade deal has stalled because Prime Minister Narendra Modi did not call President Trump, adding uncertainty to the much-anticipated agreement.
2 mins
January 11, 2026
The New Indian Express Mysuru
C'garh agri sector posts robust growth in 2 years; food grains, pulses stay firm
THE agriculture sector in Chhattisgarh remains strong as the backbone of the state showing steady and inclusive growth over the past two years, officials said on Saturday.
1 mins
January 11, 2026
The New Indian Express Mysuru
GREENLAND, GENGHIS & RETURN OF MIGHT
YOU have to hand it to Donald Trump: he doesn’t beat about the bush.
3 mins
January 11, 2026
The New Indian Express Mysuru
Sergio Gor, Trump’s man in India for turbulent times, reaches Delhi
SERGIO
1 min
January 11, 2026
The New Indian Express Mysuru
WHY WASHINGTON NEEDS TO CALL DELHI
GREAT nations rarely fall to foreign invasion.
4 mins
January 11, 2026
The New Indian Express Mysuru
PM asks forces to firm up gains in Naxal areas with policy shift
ENCOURAGED by diminishing cases of Left-Wing-Extremism (LWE) related violence, sources said that Prime Minister Narendra Modi, during the recently held DGP/IGP conference in Chhattisgarh, directed officials tomake a decisive shift in strategy from ‘armed action’ against violent elements to ‘unfolding welfare and developmental initiatives’ in the previosuly Naxal dominated districts.
2 mins
January 11, 2026
The New Indian Express Mysuru
States oppose changes in MGNREGA in pre-Budget meet
STATES have vehemently opposed the proposed changes in MGNREGA, and called for more fiscal space during a pre-Budget consultation chaired by Union Finance Minister Nirmala Sitharaman on Saturday.
1 mins
January 11, 2026
The New Indian Express Mysuru
Can Shubman Gill in the blanks?
Batter has been subdued in recent times & will be hoping to regain mojo in ODI series vs NZ
3 mins
January 11, 2026
The New Indian Express Mysuru
A Portrait Framed in Awe
A deeply conflicted reading of a long-awaited Gulzar biography—where devotion overwhelms discovery, and the translation outshines
3 mins
January 11, 2026
The New Indian Express Mysuru
Self-reliance is mantra for country’s prosperity: Shah
EMPHASISING the need to promote ‘Swadeshi’ and ‘Swabhasha,’ Union Home Minister Amit Shah on Saturday exhorted people to use local products and converse in one’s mother tongue at home.
1 mins
January 11, 2026
Listen
Translate
Change font size