The KARNATAKA MICRO LOAN AND SMALL LOAN (PREVENTION OF COERCIVE ACTIONS) ACT, 2025
karnataka · 2025
- S. 1Short title, commencement and application
- S. 2Definitions
- S. 3Registration of Micro Finance Institute or Money Lending Agencies or Organizations or Lender
- S. 4Power to cancel or suspend Registration
- S. 5—
- S. 6Micro Finance Institutions or Money Lending Agencies or Organizations or Lender not to seek security
- S. 7Transparency in rates of interest charged by Micro Finance Institutions or Money Lending Agencies or Organizations or L
- S. 8Penalty for coercive actions against Micro Finance Institutions (MFI)
- S. 9Power to require production of records or documents and power of entry, inspection and seizure
- S. 10Complaints
- S. 11Appointment of an Ombudsperson
- S. 12Grievances redressal forum
- S. 13Penalty for contravention of section 8 of the Act
- S. 14Every officer to be public servant
- S. 15—
- S. 16Power to remove difficulties
- S. 17Power to give directions
- S. 18Power to make rules
- S. 19Repeal and savings STATEMENT OF OBJECTS AND REASONS Act 15 of 2025:- 1