Illegal money lending business needs to be curbed, Chennithala said addressing a seminar here which was attended by District Collectors and top police officers of the state.
Pointing that efforts were being made to torpedo 'Operation Kubera', he said the drive against the loan sharks would continue irrespective of political affiliations.
Stern action would be taken against police officials found involved with the illegal money lenders, he said.
As per the act, those arrested can be put under preventive detention for six months without trial. There were also plans to increase it to a year for which IPC and CrPC will have to be amended, he said, adding, this was also under the government's consideration.
Over 500 persons have been taken into custody throughout the state after the launch of 'Operation Kubera' against illegal money lenders.
Government had stepped up action against private money lenders popularily known as 'blade mafia' following the recent suicide of five members of a family due to indebtedness and threat from goons engaged by money lenders.