April 16 , 2026
12 hrs 0 min
15
- The Government of Tamil Nadu launched an online portal for victims of usury to file complaints.
- The portal is created under the Tamil Nadu Money Lending Entities (Prevention of Coercive Actions) Act, 2025.
- It aims to regulate money lending and prevent coercive, unfair, and illegal recovery practices.
- The portal provides services like registration, renewal, filings, and grievance redressal.
- It protects borrowers such as farmers, women, and self-help groups from illegal moneylenders.
- Coercive actions can lead to punishment up to 5 years imprisonment or ₹5 lakh fine or both.
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