Preamble

ACT 2 OF 2013

THE KERALA PROHIBITION OF CHARGING EXORBITANT INTEREST ACT, 2012

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An Act to prohibit lending of money for exorbitant interest and to provide for stringent punishment for charging exorbitant interest in the money lending business in the State of Kerala and for matters connected therewith or incidental thereto.

Preamble.—WHEREAS, it is expedient to prohibit lending of money for exorbitant interest and to provide for stringent punishment for charging exorbitant interest in the money lending business in the State of Kerala and for matters connected therewith or incidental thereto;

BE it enacted in the Sixty-third Year of the Republic of India as follows:—