Money lending law amendment in cold storage since 2008
Published in The Hitavada CityLine on April 2, 2013 Amendment to money lending law in cold storage since 5 yrs By Kartik Lokhande When the issue of farmers’ suicides had occupied centre-stage some years back, Maharashtra Home Minister (the then Deputy Chief Minister) R R Patil had announced to punish money lenders hard. The then Chief Minister late Vilasrao Deshmukh, in 2008, had announced that Bombay Money Lending Act would be amended to incorporate stringent punishment for private money lenders exploiting the farmers. However, despite strong statements by Maharashtra’s top two authorities, the amendment bill is in cold storage since five years. Maharashtra forwarded the Bill to the President’s office, which sent it back with some queries. Savkargrast Shetkari Samiti has been following up the issue and it staged demonstrations at Azad Maidan in January this year to register protest against State Government’s inaction in this regard. The Bill comprised an important amendment...