Kathmandu: The government on Tuesday decided to criminalize the practice of loan sharking.
A meeting of the Council of Ministers decided to amend the criminal code to criminalize the loan sharking practice, according to a minister who attended the meeting.
The decision from the government comes after loan shark victims, who started their journey on foot to Kathmandu to ask the prime minister to take action against unscrupulous lenders, arrived in the Capital on Sunday. They traveled from Bardibas to Kathmandu on foot.
They staged a protest in Kathmandu on Monday demanding the government bring laws to address their woes.