‘Too Harsh’: Karnataka Governor Rejects Microfinance Ordinance That Called For 10-Year Jail, Rs 5 Lakh Fine
Last Updated:February 07, 2025, 15:27 IST Governor Thawarchand Gehlot also pointed out that existing laws could have been used by the police to address the issue. He maintained that the ordinance could negatively impact microfinancing and ultimately hurt the poor. The Karnataka government argued that cases of assault, extortion, and even suicides linked to aggressive…