CM orders stern action against money lenders

| | Bhopal
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CM orders stern action against money lenders

Sunday, 28 November 2021 | Staff Reporter | Bhopal

Chief Minister Shivraj Singh Chouhan has said that Friday's incident which took place due to arbitrary interest being charged by usurers and moneylenders is heart breaking and unbearable. Taking this seriously, Chouhan directed to take strict action against those indulging in usury.

He said that the activities of usurers and moneylenders would be closely monitored. Chouhan was addressing an emergency meeting at his residence-office to control the illegal moneylending and usury activities. Chouhan discussed about the provisions of Moneylenders Act and Scheduled Caste Loans Regulations. Chief Secretary Iqbal Singh Bains, Additional Chief Secretary Home Rajesh Rajoura,

Chouhan said that some people give loans without any license at arbitrary rates of interest and harass people mentally on recovery. Many times more money is charged than the money lended. There is a need to run a campaign to strictly curb such activities. There is no objection in respect of the licensed moneylenders, who provide loans at the rate of interest as per rules.

But extorting money by giving loans and forcing people to commit suicide, is unbearable. Chouhan directed to take strict action against the persons involved in the incident that happened recently.

The Chief Minister said that there is a law for the tribes in this regard. There is a need to campaign for such activities happening with other communities. All concerned departments should ensure coordinated and concrete action in this regard.

Chouhan said that it should be assessed how many persons are currently registered for lending money on interest.

The information of unregistered persons who are conducting these activities should be collected. There is an arrangement of registration by urban bodies in urban areas and by Panchayats in rural areas.

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