Chennai, Feb. 18 -- The Tamil Nadu Police today said it has registered the first case under the TN Money Lending Entities (Prevention of Coercive Actions) Act, 2025,after a person who purchased a JCB vehicle attempted self-immolation a couple of days back following harassment by the recovery agents of the lending agency.
The Act was enacted by the government to protect the poor and vulnerable people, especially farmers, women, and women's self-help groups, from harassment or coercive recovery methods used by money lending entities.
The Act came into force on 9 June 2025 and Section 20 of the Act states that "No borrower or any of his family members shall be subjected to coercive action by a money lending entity or its agents while recover...