💨 Abstract

Karnataka Governor Thawarchand Gehlot has rejected the Karnataka Micro Finance (Prevention of Coercive Actions) Ordinance 2025, arguing that it unfairly targets lawful lenders, discharges all loans, and proposes excessive punishment. Gehlot stated that this would negatively impact the finance sector, including self-help groups, and violate fundamental rights.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖