Finance firms told not to harass borrowers to repay loans
The Hindu
THOOTHUKUDIFollowing complaints from the public and members of self-help groups about harassment by private finance firms and micro finance firms to repay loans with interest as per the schedule, a me
THOOTHUKUDI Following complaints from the public and members of self-help groups about harassment by private finance firms and micro finance firms to repay loans with interest as per the schedule, a meeting that was organised here on Tuesday by Collector K. Senthil Raj has resolved not to harass borrowers. After the lockdown derailed the functioning of private companies, manufacturing units and farming operations since March 2020, those who had availed loans from the private finance firms and micro lending firms are struggling to repay the borrowings with the interest due to job loss. However, the borrowers are under extreme pressure from the moneylenders.More Related News