The Live Nagpur
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary

The Live Nagpur

  • Home
  • City
  • Politics
  • Business
  • Education
  • Entertainment
  • Sports
  • Health
  • Crime
  • Forest
  • Featured
  • Vidarbha
Nagpur City

Forced Recovery,Home Minister Warns Strict Action Against Micro Finance Companies

by TLN Team June 17, 2020June 17, 2020
written by TLN Team June 17, 2020June 17, 2020
Forced Recovery,Home Minister Warns Strict Action Against Micro Finance Companies

The outbreak of COVID-19 pandemic has created end number of financial troubles for people.Amidst all these woes microfinance companies are making forced recoveries from borrowers in the rural area.

And many such incidents are reported and Home Minister Anil Deshmukh stated that these activities will not be tolerated and will take strict action against them.Recently a delegation of women from rural areas met Anil Deshmukh in Nagpur

The Reserve Bank of India has directed that no bank or other lending institution should recover loans  during the pandemic by force.The women complained that the microfinance officials are confiscating household belongings without any authority.

This is highly insensitive and immediate action should be taken against companies that do not comply with RBI directives.The minister also warned that microfinance companies ahould abide by guidelines provided by RBI or would be liable to criminal charges.

0 comment
FacebookTwitterLinkedin
TLN Team

previous post
Sickle Cell patients should get Disability Certificate soon
next post
Expansion of health infrastructure must be utmost priority- PM

You may also like

No holidays on Sep 26, 27: RTMNU

September 25, 2023

NGEL Ties up with Syama Prasad Mookerjee Port forGreen Hydrogen Hub

September 25, 2023

“Udyojika Swavalamban Mela – An all Eves’ Exhibition”...

September 25, 2023

RMC issues warning for thunderstorms, lightning in city

September 25, 2023

Vivekanand Memorial cause for disaster

September 25, 2023

Paralysed, bedridden woman, three others dead in Nagpur...

September 25, 2023

Loose gravel from patchwork causes Accidents in city

September 24, 2023

Nagpur floods: Affected families to get compensation of...

September 24, 2023

Roads closed after heavy rains damage parts of...

September 24, 2023

Devendra Fadnavis faces anger during his visit of...

September 24, 2023

Trending News

  • Heavy Rain – Alert by NMC

    September 23, 2023
  • Holiday announced for schools & colleges in Nagpur district

    September 23, 2023
  • DCM Devendra Fadnavis is continuously monitoring the heavy rain situation in Nagpur.

    September 23, 2023
  • Streets, Houses Submerged After Heavy Rain In Nagpur

    September 23, 2023
  • National Cinema Day will allow viewers to watch movies for Rs99 per admission

    September 22, 2023

Important Links

  • Politics
  • Crime
  • Business
  • Education
  • Entertainment
  • Sports

Available on Playstore & Coming Soon on Appstore

Sign-Up Form

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Footer Logo
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary
  • Privacy Policy
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us

© 2020 - The Live Nagpur . All Rights Reserved.