<h1>Karnataka re-sends ordinance to Governor to curb microfinance coercion; proposes penalties up to 10 years imprisonment.</h1> The Karnataka government has re-sent an ordinance to the Governor aimed at protecting borrowers from coercive practices by microfinance institutions. The ordinance proposes penalties of up to ten years in prison and fines of up to Rs 5 lakh for violations, following complaints and suicides linked to aggressive loan recovery methods. The Governor returned the ordinance, expressing concerns over its impact on genuine lenders and potential violations of fundamental rights. He suggested existing laws could address the issues and recommended a detailed legislative process rather than rushing the ordinance, considering its implications on business and self-help groups.