India, Feb. 17 -- Chief minister Siddaramaiah has directed district administrations and police authorities across the state to enforce the Karnataka Micro Loan and Small Loan (Prevention of Coercive Actions) Ordinance, 2025, ensuring strict action against unauthorised moneylenders and microfinance institutions (MFIs) engaging in coercive recovery tactics.
During a video conference with deputy commissioners (DCs) and superintendents of police (SPs) on Saturday, Siddaramaiah emphasised the need for proactive measures to protect borrowers from harassment. Citing reports of lenders employing anti-social elements for loan recovery, the CM instructed officials to take immediate action against such practices.
"The DCs and SPs must evolve a mec...
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