Is money lending illegal,if Govt. is not issuing licenses ?

Guest (Querist) 19 August 2010 This query is : Resolved
Delhi Govt.is not issuing money lending licenses,so does that mean that none should be involved in this business,or is this a fault of Govt.that it is not making a very simple business legal?

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s.subramanian (Expert) 27 August 2010
Professional money lending alone has to be done with license. Not the informal l\money lending. It is not illegal.

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