Central government banned more than 200 landing and betting apps with Chinese links

In a major campaign against loan and lending apps, the central government has ordered to ban 138 betting and 94 lending apps related to China. This action has been taken by the Ministry of Electronics and Information Technology. According to reports, the government started scrutiny of many Chinese apps about six months ago. It was revealed that these apps have personal information from the people of the country.

Many complaints of illegal recovery and harassment of people were received against these apps. These apps charge a huge interest on people by giving loans of low money. The report said that behind these apps, there are citizens of China who run their illegal business by making people of India a director in it. After taking a loan from these apps, when people have trouble paying interest on it, people are harassed by threats like leaking their personal information.

The matter came into the limelight after some people in Andhra Pradesh and Telangana came to the headlines after some people took loans from these apps or after losing money on the betting apps. States like Uttar Pradesh, Telangana and Odisha requested the Home Ministry to take action against these apps. Last year, the government has asked the Internet search engine Google to implement strict rules to prevent the use of illegal lending apps. The Ministry of Electronics and Information Technology (Meity) and Reserve Bank of India (RBI) directed Google to curb these apps. After increasing cases of fraud in the digital lending segment, RBI asked lenders to make strict rules for digital lending services.

Its purpose was to protect the borors from forgery. Google has changed its store developer program policy for financial services apps. This includes additional conditions for personal loan apps. The government and RBI have asked Google to enhance scrutiny and to ensure that only the regulators’ approved loan apps are available for download on Google Play Store.