Bengaluru, Feb. 13 -- Karnataka Governor Thaawarchand Gehlot has given his approval to the Karnataka Micro Loan and Small Loan (Prevention of Coercive Actions) Ordinance, 2025, after receiving clarifications from the state government. The ordinance, aimed at regulating microfinance operations and preventing coercive loan recovery practices, was signed on Wednesday.

The chief minister's office (CMO) confirmed the development, stating that the government submitted the ordinance along with the explanations sought by the governor. "Today (on Wednesday), the Governor of Karnataka signed the ordinance to curb microfinance-related issues in Karnataka," the CMO said.

The ordinance was initially returned by the governor on February 7, with conce...