The Madhya Pradesh Gramin Rin Vimukti Adhiniyam, 1982
The Madhya Pradesh Gramin Rin Vimukti Adhiniyam, 1982
This legislation regulates rural debt relief by legally discharging outstanding private debts and interest incurred before August 1982. It applies to economically vulnerable rural residents, specifically marginal and small farmers, landless agricultural laborers, and traditional artisans. The law matters because it shields these communities from predatory informal moneylenders. By nullifying private debts, halting court recovery proceedings, releasing mortgaged properties, and freeing imprisoned debtors, the act provides immediate relief from generational debt traps. However, it specifically excludes institutional debts owed to the government, cooperative societies, and commercial banks, focusing its relief measures entirely on alleviating the heavy burden of unregulated private lending.
- 0. Preamble
- 1. Short title and extent.
- 2. Definitions.
- 3. Consequences to ensue on commencement of Act.
- 4. Nothing in this section shall be construed to entitle the said debtor to the refund of any part of a debt already repaid by him or recovered from him before the commencement of this Act.
- 5. Bar of application of this Act.
- 6. Authorities who may be specified for implementing the provisions of this
- 7. Bar of jurisdiction of Civil Court.
- 8. Power to make rules.
- 9. Special provision for Regional Rural Banks.
- 10. Repeal.
PDF: pending for this language.