💨 Abstract
The Karnataka Micro Finance (Prevention of Coercive Actions) Ordinance 2025, aimed at protecting borrowers from microfinance institution harassment, was rejected by Governor Thaawarchand Gehlot due to concerns over excessive punishment (10 years imprisonment and Rs 5 lakh fine), potential negative impact on microfinance, and existing laws being sufficient for control.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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