Tuesday, September 15, 2026 · Mysuru
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Mysuru's Evening Daily · Since 1978
Vol. XLVIII · No. 134 · Established 1978 · Founded by K.B. Ganapathy
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Harassment from Microfinance Companies: Government drafts ordinance to curb harassment by MFIs

Bengaluru: Even as the harassment by money-lenders and Microfinance Institutions (MFIs) during loan recovery continues, the Karnataka Government has proposed a three-year imprisonment and other strictures for microfinance companies under a Law…

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Published January 31, 2025 · 2 min read
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Bengaluru: Even as the harassment by money-lenders and Microfinance Institutions (MFIs) during loan recovery continues, the Karnataka Government has proposed a three-year imprisonment and other strictures for microfinance companies under a Law it has drafted to protect borrowers from harassment.

The State Cabinet on Thursday authorised Chief Minister Siddaramaiah to finalise the draft of the Karnataka Micro-Finance (prevention of coercive and inhuman actions) Bill.

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