section 7
SHGs, within a period of three months from the date of commencement of this Act.
The Andhra Pradesh Micro Finance Institutions (Regulation of Money Lending) Act, 2011General201125 sections
Statutory text
No MFI shall seek any security from a borrower by way of pawn, pledge or other security for the loan: Provided that any such security obtained from a borrower before the commencement of this Act shall forthwith stand released in favour of the borrower.
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