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.






