Loan Recovery

Loan recovery refers to the process of collecting outstanding loan amounts from borrowers who have failed to repay on time. It involves reminders, legal actions, settlements, or asset seizures to recover the dues and minimize financial losses for lenders.

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West Bengal Employment Scheme Loans (Recovery) Act, 1992

An Act to provide for the recovery, as public demand, of the loans advanced by banks, other financial institutions and the State Government to unemployed persons in West Bengal under employment programmes of the State Government for providing employment to such persons.