President's Message

Making licensed money lending more meaningful and professional is priority for my role as the president of the association especially at a time when the lending process is tainted with bad publicity by the acts of loan sharks.

This mission involves K-money lending management on the part of consumers, lenders, and the government. With consumers’ awareness of their borrowing rights, and the lenders knowledge of legal implications and government’s process of regulations, loan sharks and illegal money lending can be wiped away from the country.

The association will endeavor to make MILMA another commendable financial institution catering to the needs of customers like that of the banks. With the technological advent that MILMA has embarked through ICT based software we are sure the customers and lenders will have services on par with any of the established financial institutions.

MILMA will be an organization for you to watch for its poised to be a great organization within.

R.C. Veeraseelan



  • To be one of the key economic players of the country.
  • To unite and guide all moneylenders and help the government to eradicate “loan sharks ” in the community.
  • To improve the image of moneylenders by being ethical, professional and law-abiding.
  • To work closely with the government and at the same time maintain and improve the livelihood of its members.

Strive to be ethical and professional moneylenders and at the same time contributing to the social economic development of the country

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Professional solution to the micro credit needs of the community within the realms of the moneylenders act 1951

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MILMA Registration

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