Task Force recommends provision against loan sharking

A task force formed to recommend ways to the government for addressing issues caused by predatory lending has submitted its report.

The report submitted to Deputy Prime Minister and Minister for Home Affairs, Rabi Lamichhane, today recommended some legal amendments and some additional provisions to address the issues of people said to be suffered by the unlawful money lending, the Home Minister’s Secretariat said.

Prior to this, the taskforce had also submitted its report and was assigned the responsibility of preparing another report suggesting legal and special provisions that the government could take to sort out the problem.

It may be noted that the government had on September 17, 2022 signed an agreement with the people who were said to be victims at the hands of loan sharks following their protests.


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