Banks, MFIs warned against forcing SHGs to pay dues
The Hindu
Coimbatore District Collector S. Nagarajan has warned of action against banks and micro finance institutions (MFIs) that pressurise self-help groups (SHGs) to pay dues. In a release, Mr. Nagarajan sai
Coimbatore District Collector S. Nagarajan has warned of action against banks and micro finance institutions (MFIs) that pressurise self-help groups (SHGs) to pay dues. In a release, Mr. Nagarajan said it had come to the district administration’s knowledge that private banks and MFIs were pressurising SHGs to repay loans during the pandemic period. Affected by the lockdown, the SHGs had had their livelihood affected.
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