<h1>Ordinance to Protect Borrowers from Aggressive Microfinance Recovery Practices Awaits Chief Minister's Approval</h1> A draft ordinance aimed at protecting borrowers from harsh recovery practices by microfinance companies in Karnataka has been prepared and sent to the Chief Minister for approval, according to Minister H K Patil. The ordinance seeks to address the inhumane methods used by these companies, which have led to suicides and displacements in rural areas. The Chief Minister previously highlighted that recovery tasks are often outsourced to aggressive agencies. Activist Vatal Nagaraj protested in Mysuru, accusing politicians of backing these companies with illicit funds. The ordinance will proceed to the Governor once the Chief Minister approves it.