BULA

The Government’s New Plan To Curb Unregulated Lending

The Government’s New Plan To Curb Unregulated Lending

The central government proposed a new bill to curb lending by unregulated entities, including digital platforms. Under the new bill, violators will face up to 7 years in prison. Lenders harassing and using unlawful methods to recover loans will face 10 years in prison, while those who promote such lending activities will get up to…