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

Stoppages of Secunderabad-Nagpur Vande bharat express to be...

June 9, 2023

NMC officials felicitated for RRR initiative

June 8, 2023

Traffic from Mount Road to Salve Chowk, Akashvani...

June 8, 2023

Pre-Monsoon showers to continue to orange Vidarbha

June 8, 2023

Trees uprooted in many parts of east Nagpur...

June 7, 2023

Event to mark birth centenary of litterateur G...

June 7, 2023

NTPC Mouda Organized Closing Ceremony of Girl Empowerment...

June 7, 2023

BabyVerse offers a masterclass on parenting by Dr....

June 7, 2023

Smart traffic booths Waits For inaugration, Now targeted...

June 7, 2023

Maha govt levies pay Fire and Emergency Fee...

June 6, 2023

Trending News

  • A woman asks if 40LPA salary is enough to survive in India, twitteratis give hilarious answers!

    June 8, 2023
  • With 29% rise, Maharashtra attracts highest FDI

    June 7, 2023
  • Cricket fever on! Will rain spoilsport Ind vs Aus mega clash?

    June 7, 2023
  • Apple launches the thinnest MacBook Air with 18-hour battery life.

    June 6, 2023
  • Coromandel express accident: Train derailment in Odisha leaves over 200 dead, 900 injured

    June 3, 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.