Micro Finance Organisations under strict view by Govt

Minister for Rural development Vatti Vasanth Kumar on wednesday said special laws will be enforced soon to curb the malpractices by Micro Finance Organisations. Mr Vasanth said that the law will be enforced and presented in the coming assembly session. He vent his concern over the growing number of issues related with Micro financing companies.
Speaking further the Minister added that a district level probe is being taken up by collectors to crub the problems. He said that the concerned officials have been asked to take criminal action against those companies who are involved in harrasing cutomers.
Published Date : Thursday, Oct 07, 04:30PM IST
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