Exploiting the downtrodden View(s):With the West Asian conflict swirling around us, in addition to other distractions, some serious stuff confronting sections of the population seems to have been conveniently put on the back burner. So does it prevent the exploitation of the downtrodden? The intention of the Act is to regulate the money lending business and the microfinance business; to provide protection to the customers in the money lending business and the microfinance business but there is a serious contradiction. Thus, smaller finance companies and moneylenders, registered under another law can do what they please – allegedly harass and intimidate borrowers. They must extend a guiding hand, helping borrowers convert loans into livelihoods, and livelihoods into lasting prosperity,” he said.

Source: Sunday Times March 14, 2026 19:01 UTC