(1)
Ļ¯ೇಷ ªಾಜÍ ಪĦÎೆ
PARLIAMENTARY AFFAIRS AND LEGISLATION SECRETARIAT
NOTIFICATION
NO: DPAL 05 SHASANA 2025, BENGALURU, DATED:25.03.2025
The Karnataka Money Lenders (Amendment) Bill, 2025 ಇದಃౙ 2025 ರ ೖბ
ൟಂಗಳ 24ඡ ൽකಂಕඈൿ ฃಜඩಲರ ಒඪ౭ಡ අฉൟൿ౪, ನ ൟำವัಃಛಜ
ಇದඝ౬ 2025ರ ಕකბಟಕ ಅඌඛಯಮ ಒ: 16 ಎಂ්ർಜ ಕකბಟಕ ฃಜಪತದ เ๕ಷ
ฃಜಪൟಃ (ූಗ-IV) ಯย ಪಕഔಸಃಂൿ ಆඃ๏ಸมಜං,-
KARNATAKA ACT NO. 16 OF 2025
(First Published in the Karnataka Gazette Extra-ordinary on the 25th day of March, 2025)
THE KARNATAKA MONEY LENDERS (AMENDMENT) ACT, 2024
(Received the assent of the Governor on the 24th day of March, 2025)
An Act further to amend the Karnataka Money Lenders Act, 1961.
Whereas, it is expedient further to amend the Karnataka Money Lenders Act,
1961 (Karnataka Act 12 of 1962) for the purposes hereinafter appearing;
Be it enacted by the Karnataka State Legislature in the seventy sixth year of
the Republic of India as follows:-
1. Short title and commencement.- (1) This Act may be called the
Karnataka Money Lenders (Amendment) Act, 2025.
(2) It shall come into force at once.
2. Amendment of section 10.- In section 10 of the Karnataka Money
Lenders Act, 1961 (Karnataka Act 12 of 1962) (herein after referred to as the
¨sÁUÀ – 4ಎ
Part – IVA
25
2025
04
1947)
BENGALURU, TUESDAY, 25, MARCH, 2025 (CHAITHRA , 04, SHAKAVARSHA, 1947)
. 192
No. 192
2
Principal Act) for the words “five years” the words “three years” shall be
substituted.
3. Amendment of section 15.- In section 15 of Principal Act, after sub-
section (3), the following sub- sections shall be inserted, namely:-
“(4) The Group B Officer of Revenue Department or Rural Development and
Panchayath Raj Department or Urban Development Department or Town Planning
Department or Woman and Child Development Department or Social Welfare
Department or Minority Welfare Department or Tribal Welfare Department or
Backward Classes Welfare Department shall report if any person is in
contravention of the provisions of this Act and the Karnataka Prohibition of
Charging Exorbitant Interest Act, 2004 (Karnataka Act 14 of 2004) to the
concerned Registrar, Assistant Registrar or any Officer authorized by the State
Government, in this behalf.
(5) The Registrar, the Assistant Registrar or any Officer authorized may on
his own motion or on the report submitted by the Officers referred in sub-section
(1), shall take action under the provisions of this Act.”
4. Insertion of new sections 15 A and 15 B.- After section 15 of the
Principal Act, the following new sections shall be inserted, namely:-
“15-A. Settlement of disputes by Ombudsperson.- The Government shall
by notification appoint an Ombudsperson who can act as a mediator between the
borrower or lender, for settling the disputes. The procedure and guidelines for the
settlement and mediation shall be in the manner as may be prescribed.
15-B. Grievances Redressal Forum.- The Government shall establish
suitable grievance mechanism. The procedure and guidelines for grievance
mechanism shall be in the manner as may be prescribed.”
5. Amendment of section 37.- In section 37 of the Principal Act, in sub-
section (2),-
(a) for the words “six months”, the words “ten years”, shall be substituted;
and
(b) for the words “one thousand”, the words “five lakh”, shall be substituted.
6. Amendment of section 38.- In section 38 of the Principal Act,-
3
(a) for the words “one year”, the words “ten years”, shall be substituted; and
(b) for the words “fifty thousand”, the words “five lakh”, shall be substituted.
7. Insertion of section 38A.- After section 38 of the Principal Act, the
following shall be inserted, namely,-
“38A. Prohibition of using coercive action.- (1) No person shall charge
exorbitant interest on any loan advanced by him.
(2) Money Lender shall not use any coercive action either by himself or by his
agents or by his family members for recovery of money from the debtor and any
form of coercive recovery shall be liable for punishment under the provisions of this
Act and empower the Registering Authority to suspend or cancel the Registration
of such Money Lender as provided under the provisions of this Act.
Explanation: For the purposes of this section, "coercive Action" by a Money
Lender against the debtors include the following, namely:-
(i)
exerting pressure or obstructing or using violence to or insulting or
intimidating the debtor or his/her family members, or
(ii)
persistently following the debtor, his/her family member from place to
place or interfering with any property owned or used by him/her or
depriving him/her of, or hindering him/her in the use of any such
property, or
(iii)
frequenting the house or other place where the debtor resides or works,
or carries on business, or happens to be, with an intension of taking
coercive action, or
(iv)
using the service of private or outsource or external agencies, criminal
background to negotiate/urging the debtor to make payment using
coercive and undue influence, or
(v)
Seeking to take forcibly any document from the debtor which entitles
the debtor to a benefit under any Government programme.”
8. Amendment of section 39.- In section 39 of the Principal Act,-
(a) in clause (a),-
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(i) for the words “with simple imprisonment which may extend to one year”,
the words “with imprisonment which may extend to three years”, shall be
substituted; and
(ii) for the words “fifty thousand rupees”, the words “three lakh”, shall be
substituted.
(b) in clause (b),-
(i) for the words “with simple imprisonment which may extend to two years”,
the words “with imprisonment which may extend to ten years”, shall be
substituted; and
(ii) for the words “one lakh rupees”, the words “five lakh rupees”, shall be
substituted.
By Order and in the name of
the Governor of Karnataka,
(G. SRIDHAR)
Secretary to Government
Department of Parliamentary
Affairs and Legislation
ಸൽೕಯ ವವರಗำ ಮൡ౨ ๎ಸನ ರಚච ಸ฿ಲಯ
ಅඌಚච
ಒ: ವ๎ಇ 05 ๎ಸನ 2025, ಂಗิฆ, ൽකಂಕ:25.03.2025.
Kannada language under section 6 of the Kannada Language Comprehensive
Development Act, 2022 (Karnataka Act 13 of 2023)ರ ಅലಯย ฃಜඩಲคಂದ
ಅඌಂತತัದ the Karnataka Money Lenders (Amendment) Act, 2025 (Karnataka
Act No. 16 of 2025) ರ ූಂತರವඝ౬ ಅඌಂತ ಕನ౬ಡ ಪಠๅಂൿ ಕකბಟಕ ฃಜಪತದ
เ๕ಷ ฃಜಪൟಃ (ූಗ-IV) ಯย ಪಕഔಸಃಂൿ ಆඃ๏ಸมಜං,-
2025 ರ ಕකბಟಕ ಅඌඛಯಮ ಒ: 16
(2025 ರ ೖბ ൟಂಗಳ 25ඡ ൽකಂಕඈൿ ಕකბಟಕ ฃಜಪತದ เ๕ಷ ಃಯย ෮ದฤ
ಪಕಟ฿ಜං)
ಕකბಟಕ ศ฿ඃเർರರ (ൟൿ౪ಪല) ಅඌඛಯಮ, 2025
(2025 ರ ೖბ ൟಂಗಳ 24ඡ ൽකಂಕඈൿ ฃಜඩಲคಂದ ಒඪ౭ಡಯඝ౬ ಪഷಯมಜං)
ಕකბಟಕ ศ฿ඃเർರರ ಅඌඛಯಮ, 1961ඝ౬ ಮತ౨ౣ ൟൿ౪ಪല ಡฤ
ಒಂൿ ಅඌඛಯಮ.
5
ಇย ಇඝ౬෨ಂං ಉഴಬฆವ ಉං౪ೕಶಗัಛಜ ಕකბಟಕ ศ฿ඃเർರರ
ಅඌඛಯಮ, 1961 (1962ರ ಕකბಟಕ ಅඌඛಯಮ 12)ඝ౬ ಮತ౨ౣ ൟൿ౪ಪല ഴโൿ
ಕ౨฿ಜฆโದคಂದ ;
ಇൿ
ූರತ
ಗಣฃಜದ
ಎಪ౭൞౨ರඡ
ವಷბದย
ಕකბಟಕ
ฃಜ
เඋನಡಲൽಂದ ಈ ෨ಂൽඦ ಅඌඛಯ෦ತ฿ಗย:-
1. ౾౹ಪ౨ ກಸฆ ಮൡ౨ ඩฏಭ.- (1) ಈ ಅඌඛಯಮವඝ౬ ಕකბಟಕ
ศ฿ඃเർರರ (ൟൿ౪ಪല) ಅඌඛಯಮ, 2025 ಎಂൿ ಕฉಯತಕౙൿ౪.
(2) ಇൿ ಈ ಁಡว ೦คಡ ಬರತಕౙൿ౪.
2. ಪಕರಣ 10ರ ൟൿ౪ಪല.- ಕකბಟಕ ศ฿ඃเർರರ ಅඌඛಯಮ, 1961 (1962ರ
ಕකბಟಕ ಅඌඛಯಮ 12)ರ (ಇย ಇඝ౬෨ಂං ෩ಲ ಅඌඛಯಮๅಂൿ ಕฉಯมಜං)
10ඡ ಪಕರಣದย “ಐൿ ವಷბಗಳ” ಎಂಬ ಪದಗಳ ಬದยಡ “෩ฆ ವಷბಗಳ” ಎಂಬ
ಪದಗಳඝ౬ ಪൟೕ೧ಸತಕౙൿ౪.
3. ಪಕರಣ 15ರ ൟൿ౪ಪല.- ෩ಲ ಅඌඛಯಮದ 15ඡ ಪಕರಣದ (3)ඡ ಉಪ-
ಪಕರಣದ ತฆ฿ಯ ಈ ෨ಂൽನ ಉಪ-ಪಕರಣವඝ౬ คಸತಕౙൿ౪, ಎಂದฉ:-
“(4) ಈ ಅඌඛಯಮದ ಮൡ౨ ಕකბಟಕ ෦ൟ෦ೕคದ ಬല เඌเಃ ඛಧ
ಅඌඛಯಮ, 2004 (2004ರ ಕකბಟಕ ಅඌඛಯಮ 14)ರ ಉಪීಧಗಳඝ౬ ෴ช ವ౾౨
ಉಲಂಫದฉ, ಉർಯ ಇมಒ ಅಥ฿ ಛ෦ೕ൏ไൽ౫ ಮൡ౨ ඵೈಯ൬ฃ
ಇมಒ ಅಥ฿ ನಗฃไൽ౫ ಇมಒ ಅಥ฿ ನಗರ ೕಜක ಇมಒ ಅಥ฿ ಮะ
ಮൡ౨ ಮಕౙಳ ಅไൽ౫ ಇมಒ ಅಥ฿ ಸಜ ಕมಣ ಇมಒ ಅಥ฿ ಅಲ౭ಌತರ
ಕมಣ ಇมಒ ಅಥ฿ ්ಡಕഖౣ ಕมಣ ಇมಒ ಅಥ฿ ಂൿัದ ವಗბಗಳ ಅไൽ౫
ಇมಒಯ ಟභ ಅඌ౽ค ීಧಪಟౣ ค೧ౣიฑ, ಸಯಕ ค೧ౣიฑ ಅಥ฿
ಈ ಀคൡ ฃಜ ಸ౽ბರโ ಅඌಂತತัದ ෴ช ಅඌ౽คಡ ವರൽ ಡತಕౙൿ౪.
(5) ค೧ౣიฑ, ಸಯಕ ค೧ౣიฑ ಅಥ฿ ಅඌಂತತัದ ෴ช ಅඌ౽ค
ಆತನ ಸ౷ಂತ ಪ౨ವ ಅಥ฿ ಉಪಪಕರಣ (1)ರย ಉวೕದ ಅඌ౽คಗำ ಸยದ
ವರൽಯ ෬ฉಡ , ಈ ಅඌඛಯಮದ ಉಪීಧಗಳല ಕಮವඝ౬ ಅತಳತಕౙൿ౪.”
4. 15ಎ ಮൡ౨ 15 ຄಸ ಪಕರಣಗಳ ಪბഷ.- ෩ಲ ಅඌඛಯಮದ 15ඡ
ಪಕರಣದ ತฆ฿ಯ ಈ ෨ಂൽನ ຄಸ ಪಕರಣಗಳඝ౬ คಸತಕౙൿ౪, ಎಂದฉ:-
“15ಎ.
ಒಂ්ി౺ಪಸბඨ
෩ಲಕ
เ฿ದಗಳ
ಇತಥბಪലเಃ.-
เ฿ದಗಳඝ౬ ಇತಥბಪലโದ౽ౙಜ, ಲಛರ ಅಥ฿ ศ฿ඃเർರನ ನഴๅ
ಮಧಸ౩ಛರකಜ
౽ಯბඛವბಸฤ
ಸ౽ბರโ
ಅඌಚචಯ
෩ಲಕ
6
ಒಂ්ി౺ಪಸბඨನඝ౬ ඡಮಕ ಡತಕౙൿ౪. ಇತಥბ ಮൡ౨ ಮಧ౩ಃಯ ౽ಯბเඋನ
ಮൡ౨ ಗბಗำ ඛಯ෦ಸಬർಂಥ เඋನದยರತಕౙൿ౪.
15. ಀಂൿಆರಗಳ ඛ฿ರ൏ ๆൽಃ.- ಸ౽ბರโ ಕ౨฿ದ ಀಂൿಆರ
ඛ฿ರ൏
౽ಯბವವ౩ಯඝ౬
౩ඪಸತಕౙൿ౪.
ಀಂൿಆರ
ඛ฿ರ൏
౽ಯბವವ౩ಯ
౽ಯბเඋನ
ಮൡ౨
ಗბಗำ
ඛಯ෦ಸಬർಂಥ
เඋನದยರತಕౙൿ౪.”
5. ಪಕರಣ 37ರ ൟൿ౪ಪല.- (1) ෩ಲ ಅඌඛಯಮದ 37ඡ ಪಕರಣದ (2)ඡ ಉಪ-
ಪಕರಣದย,-
(ಎ) “ಆฆ ൟಂಗಳವฉಡ” ಎಂಬ ಪದಗಳ ಬದยಡ “ಹൡ౨ ವಷბಗಳವฉಡ” ಎಂಬ
ಪದಗಳඝ౬ ಪൟೕ೧ಸತಕౙൿ౪; ಮൡ౨
() “ಒಂൿ เರ งඩಗಳವฉಡ” ಎಂಬ ಪದಗಳ ಬದยಡ “ಐൿ ಲౘ
งඩಗಳವฉಡ” ಎಂಬ ಪದಗಳඝ౬ ಪൟೕ೧ಸತಕౙൿ౪.
6. ಪಕರಣ 38ರ ൟൿ౪ಪല.- (1) ෩ಲ ಅඌඛಯಮದ 38ඡ ಪಕರಣದย,-
(ಎ) “ಒಂൿ ವಷბದವฉಡ” ಎಂಬ ಪದಗಳ ಬದยಡ “ಹൡ౨ ವಷბಗಳವฉಡ” ಎಂಬ
ಪದಗಳඝ౬ ಪൟೕ೧ಸತಕౙൿ౪; ಮൡ౨
() “ಐವൡ౨ เರ งඩಗಳವฉಡ” ಎಂಬ ಪದಗಳ ಬದยಡ “ಐൿ ಲౘ
งඩಗಳವฉಡ” ಎಂಬ ಪದಗಳඝ౬ ಪൟೕ೧ಸತಕౙൿ౪.
7. ಪಕರಣ 38ಎರ ಪბഷ.- (1) ෩ಲ ಅඌඛಯಮದ 38ඡ ಪಕರಣದ ತฆ฿ಯ
ಈ ෨ಂൽನದඝ౬ คಸತಕౙൿ౪, ಎಂದฉ:-
“38ಎ. ಬಲ๋ತದ ಕಮದ ಬಳಃಯ ඛಧ.- (1) ෴ช ವ౾౨ ൞ඝ ඛೕലದ
෴โඃ ಲದ ෬ว ෦ൟ෦ೕคದ ಬലಯඝ౬ เඌಸತಕౙದ౪ಲ.
(2) ศ฿ඃเർರඝ ಲಛರคಂದ ಹಣ ವมൟಛಜ ಆತකಗย ಅಥ฿ ಆತನ
ಏ೬ಂಟರ ෩ಲಕ฿ಗย ಅಥ฿ ಆತನ ಀഖಂಬ ಸದಸคಂർಗย ෴โඃ ಇತರ
ಬಲ๋ತದ ಕಮವඝ౬ ಬಳಸತಕౙದ౪ಲ ಮൡ౨ ಬಲ๋ತ ವมൟಯ ෴โඃ
ಸ౷งಪ౽ౙಜ ಈ ಅඌඛಯಮದ ಉಪීಧಗಳല ඈಡචಡ ຄൕ෴ಗತಕౙൿ౪ ಟ ಈ
ಅඌඛಯಮದ ෬ฉಡ ಉಪීඌಸมඈ ಅಂಥ ศ฿ඃเർರನ ඣೕಂದಯඝ౬
ಅನൡ౨ಪലಸฤ
ಅಥ฿
ರൿ౪ಪലಸฤ
ඣೕಂದ
ඩඌ౽ค
ಅඌ౽ರโಳವකಜರತಕౙൿ౪.
เವರൕ: ಈ ಪಕರಣದ ಉං౪ೕಶಗัಛಜ, ศ฿ඃเർರನ ෩ಲಕ ಲಛರರ
เฆದ౫ದ “ಬಲ๋ತದ ಕಮ”โ ಈ ෨ಂൽನโಗಳඝ౬ ಒಳತำโൿ, ಎಂದฉ:-
7
(i) ಲಛರರඝ౬ ಅಥ฿ ಆತನ/ಆಃಯ ಀഖಂಬ ಸದಸคಡ ಒತ౨ಡವඝ౬ ಀโൿ
ಅಥ฿ ತഷഴโൿ ಅಥ฿ ಂಯඝ౬ ಬಳโൿ ಅಥ฿ ಅವඛโൿ
ಅಥ฿ ದคโൿ, ಅಥ฿
(ii)
ಲಛರನඝ౬,
ಆತನ/ಆಃಯ
ಀഖಂಬ
ಸದಸರඝ౬
ಸ౩ಳൽಂದ
ಸ౩ಳಃౙ
ඛฏತರ฿ಜ ಂยโൿ ಅಥ฿ ಆತನ/ಆಃಯ ಒഷತನದ ಅಥ฿ ಬಳಃಯยನ
෴โඃ ಸ౷ൟ౨ಡ ಮಧಪๆ๏โൿ ಅಥ฿ ಆತನ/ಆಃಂದ ౾ൡ౨ಆำโൿ ಅಥ฿
෴โඃ ಅಂಥ ಸ౷ൟ౨ನ ಬಳಃಡ ಅലಪലโൿ, ಅಥ฿
(iii) ಲಛರඝ ฿ಸ฿ಜฆವ ಅಥ฿ ಃಲಸ ഴൟ౨ฆವ ಅಥ฿ ವವರ
ನഷൟ౨ฆವ ಮච ಅಥ฿ ಇತರ ಸ౩ಳಃౙ ಬಲ๋ತದ ಕಮವඝ౬ ಅತำವ ಉං౪ೕಶൽಂದ
ಆಛಗ ෝഔ ඛೕഴโൿ ಅಥ฿ ෝഔ෴ಞ๋ ഴโൿ, ಅಥ฿
(iv) ಲಛರඛಡ ಹಣ ඩವൟಛಜ ಬಲ๋ತದ ಮൡ౨ ಅඝತ ಪූವವඝ౬ ಬಳ
ൡಕಡ/ಒ൞౨โದಃౙ ಌಸಜ ಅಥ฿ ຄರಞൟ౨ಡ ಅಥ฿ ಹ ಏ೬ඛ౺ಗಳ,
౾෦ನฯ ನ౬วಳವರ ๅಯඝ౬ ಬಳโൿ, ಅಥ฿
(v)
ಸ౽ბರದ
෴โඃ
౽ಯბಕಮದലಯย
ಲಛರඛಡ
ಪೕಜನದ
ಹಀౙಗำಳ ෴โඃ ದ౨ๆಜඝ౬ ಲಛರඛಂದ ಬಲ๋ತ฿ಜ ಪഷโൿ.”
8. ಪಕರಣ 39ರ ൟൿ౪ಪല.- ෩ಲ ಅඌඛಯಮದ 39ඡ ಪಕರಣದย,-
(ಎ) ಘಡ (ಎ)ರย,-
(i) “ಒಂൿ ವಷბದವฉಡ เಸ౨คಸಬർದ ർ ౽ฃ฿ಸൽಂದ” ಎಂಬ ಪದಗಳ
ಬದมಜ “෩ฆ ವಷბಗಳವฉಡ เಸ౨คಸಬർದ ౽ฃ฿ಸൽಂದ” ಎಂಬ ಪದಗಳඝ౬
ಪൟೕ೧ಸತಕౙൿ౪; ಮൡ౨
(ii) “ಐವൡ౨ เರ งඩಗಳವฉಡ” ಎಂಬ ಪದಗಳ ಬದยಡ “෩ฆ ಲౘ
งඩಗಳವฉಡ” ಎಂಬ ಪದಗಳඝ౬ ಪൟೕ೧ಸತಕౙൿ౪.
() ಘಡ ()ರย,-
(i) “ಎರഴ ವಷბದವฉಡ เಸ౨คಸಬർದ ർ ౽ฃ฿ಸൽಂದ” ಎಂಬ ಪದಗಳ
ಬದมಜ “ಹൡ౨ ವಷბಗಳವฉಡ เಸ౨คಸಬർದ ౽ฃ฿ಸൽಂದ” ಎಂಬ ಪದಗಳඝ౬
ಪൟೕ೧ಸತಕౙൿ౪; ಮൡ౨
(ii)
“ಒಂൿ
ಲౘ
งඩಗಳವฉಡ”
ಎಂಬ
ಪದಗಳ
ಬದยಡ
“ಐൿ
ಲౘ
งඩಗಳವฉಡ” ಎಂಬ ಪದಗಳඝ౬ ಪൟೕ೧ಸತಕౙൿ౪.
8
The above translation of the Karnataka Money Lenders (Amendment) Act,
2025 (Karnataka Act 16 of 2025) shall be authoritative text in Kannada language
under section 6 of the Kannada Language Comprehensive Development Act, 2022
(Karnataka Act 13 of 2023).
THAAWARCHAND GEHLOT
GOVERNOR OF KARANATAKA
By Order and in the name of
the Governor of Karnataka,
G. SRIDHAR
Secretary to Government
Department of Parliamentary
Affairs and Legislation
[
ಮುದÎಕರು ²ಾಗೂ ಪÎಾಶಕರು:- ಸಂಕಲ£ಾĩಾĸಗಳ…, ಕ£ಾಟಕ ªಾಜÍಪತÎ, ಸಾĸ ೇಂದÎ ಮುದΞಾಲಯ, ¦ೆಂಗಳˆರು
R.N.I. No. KARBIL/2001/47147 POSTAL REGN. No. RNP/KA/BGS/2202/2017-19
Licensed to post without prepayment WPP No. 297
THAMMAIAH
Digitally signed by THAMMAIAH
DN: c=IN, st=Karnataka,
2.5.4.20=be54f34f4e31eae50203ca7fab5ceb3794f20a8460a2582ef28294d43b8f8b16,
postalCode=560059, street=BANGALORE, pseudonym=ca58c76cf7e2445d7a4f3f51407e025e,
serialNumber=4d9b284dcc53d39f1425f50485de07dd86efa302a3fce3729eddea0c1b5098e0,
ou=GOVERNMENT OF KARNATAKA, o=GOVERNMENT OF KARNATAKA, cn=THAMMAIAH
Date: 2025.03.25 19:01:48 +05'30'