Latest Illegal Money Lending News & Updates

Mumbai, July 7 (IANS) In a major move to protect vulnerable farmers and borrowers from exploitation, the Maharashtra government on Tuesday introduced a Bill which aimed at heavily increasing punishments for illegal money-lending practices across the state. The Bill, which was presented by the State Cooperation Minister Babasaheb Patil in the State Assembly, seeks to further amend the existing Maharashtra Money-Lending (Regulation) Act, 2014.The critical amendments to the Maharashtra Money-Lendin…