The Deputy Commissioner of Wokha Vineet Kumar, IAS has issued an order prohibiting money lending business without obtaining proper license in Wokha district which is restricted under the Nagaland Money lenders Act, 2005.

“Whereas it has come to notice of the undersigned NO.DEV-71/LOTHAHOHO/1/2018/ office that certain individuals/groups under Wokha district are practicing illegal money lending business without obtaining proper license from the concerned authority. And whereas such illegal money lending business is prohibited under ‘Nagaland Money lenders Act, 2005’. (Act No.6 of 2005),” stated the order.

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Therefore in pursuance to ‘The Nagaland Money Lenders Act 2005’, the Wokha DC has directed the entire citizen under Wokha District that operating illegal money lending business is prohibited. Anyone found engaged in money lending business without obtaining license or otherwise in conformity with the terms and conditions of a license shall be punished with imprisonment for a term which may extend to six months or with fine which may extend to two thousand five hundred or with both.