Maha govt to oust rogue microfinance firms amid worsening drought

Mumbai, Oct 27 (UNI) In a stern crackdown to protect distressed farmers during a severe drought, the Maharashtra government today ordered the registration of criminal police cases against predatory microfinance companies and private recovery agents harassing rural borrowers. The decisive move was announced following a high-level Cabinet Sub-Committee meeting on drought relief, chaired by Revenue Minister Chandrashekhar Bawankule at Mantralaya here. Briefing reporters after the meeting, Bawankule revealed that Chief Minister Devendra Fadnavis has issued explicit instructions to law enforcement authorities to book financial institutions and recovery agents driving farmers to desperation. "Following the recent precedent set in Nanded, any…