Daijiworld Media Network - Bengaluru (SP)
Bengaluru, Sep 1: The 'Karnataka Debt Relief Ordinance 2018' which aims at ridding poor people, labourers, small farmers etc from the burden of loan they have raised from moneylenders and pawn brokers, has been sent to the centre for Presidential assent.
Sources stated that the department of parliamentary affairs in the state sent the proposal for the ordinance to the union home ministry on Friday August 31.
The state cabinet which had met last Friday had decided to pass an ordinance to waive personal loans raised by poor and marginalized classes from private moneylenders and pawn brokers. Chief minister, H D Kumaraswamy, who had met the President at New Delhi on Thursday, had brought to his notice the decision of the government and requested him too give his assent for the same.