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The Hindu
The Hindu
National
The Hindu Bureau

Put loan recovery on hold for 2-3 months as Mandya has been declared drought-affected, says Deputy Commissioner

Acting on the complaints of alleged harassment of farmers and the public by the representatives of microfinance companies for loan recovery, Mandya Deputy Commissioner Dr. Kumara told the microfinance institutions not to bother farmers and public and bring pressure on them in the name of loan recovery.

Presiding over the meeting of microfinance companies at his office in Mandya, the DC said it had come to his notice that the loan recovery persons of microfinance companies were harassing and pressurising farmers and public for loan repayment.

In case of any untoward incidents or the measures taken by them exceeds the limits, then such institutions will be held responsible and cases can be booked against them on charges of harassment, he warned.

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