Sat Apr 26 08:20:52 UTC 2025: ## Tamil Nadu Introduces Bill to Curb Coercive Money Lending
**Chennai, April 26, 2025** – The Tamil Nadu government has introduced a bill aimed at protecting vulnerable populations from predatory lending practices. Deputy Chief Minister Udhayanidhi Stalin unveiled the Tamil Nadu Money Lending Entities (Prevention of Coercive Actions) Bill, 2025, citing the disproportionate impact of coercive debt collection on economically weaker sections of society.
The bill seeks to address the issue of unsustainable debt incurred by farmers, women, self-help groups, and other vulnerable workers who are often targeted by attractive but ultimately exploitative loan offers from both traditional and digital lending platforms. Mr. Stalin highlighted the unethical debt recovery methods employed by these entities, which he stated contribute to borrower suicides and social disruption.
The new legislation aims to provide a legal framework to safeguard vulnerable groups from the harmful consequences of coercive debt collection tactics. This move reflects the Tamil Nadu government’s commitment to protecting its citizens from predatory lending and its devastating social and economic repercussions.
First Piper 