Ordinance to regulate money lending soon: Kadam

Mumbai, Apr 24 (UNI) Maharashtra cooperation Minister Dr Patangrao Kadam today said the state government would soon introduce an ordinance to regulate money-lending activity.

Replying to a query raised by Leader of the Opposition Pandurang Phundkar and others in the state Legislative Council, he said the ordinance, once approved, would ensure smooth transfer of the land from money lenders to the original owners.

Deputy Chief Minister R R Patil had spoken about the need to control money lending activities across the state and even introduce stringent laws for the same.

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