The necessity for all micro-finance institutions in the country to be regulated by the government, emphasized

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Kegalle District MP: Dr. Thusithaa Wijemanne, speaking to the Subharathee Discussion Programme aired over the SLBC this morning said, all micro-finance institutions in the country need to be regulated by the government.

She notes, a number of illegal institutions are still functioning, and around 2 million persons who have obtained loans from such institutions are now indebted.

She stresses, information on these institutions needs to be probed, and legal action needs to be initiated against them.

She also points out, the number of those who have committed suicide due to being unable to settle their borrowings is around 170.

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