Amid suicides, Karnataka govt puts checks on microfinance firms | India News – The Times of India
BENGALURU: Facing public outrage over the harassment by microfinance companies over unpaid debts leading to suicides and the exodus from villages, Karnataka govt on Saturday decided to amend existing laws through an ordinance to regulate the sector and establish district helplines to protect debtors.CM Siddaramaiah announced that the state would introduce new legislation based on…