More than 300 fake loan apps will be banned, the government is preparing

Indian government can ban 300 apps. Recently, Delhi Police had detected 100 fake personal loan apps, which were banned. Now the government is preparing to ban more than 300 such loan apps. According to the report coming out, the maximum number of frauds are being done in the name of personal loan in India.

After giving loans from these fake apps, more than the amount given in the loan is being collected by wrong means and blackmailing people. Due to which incidents of many people committing suicide have also come to the fore.

Investigating agencies are monitoring

According to a News18 report, most of these personal loan apps have links to China. ED i.e. Enforcement Directorate is monitoring these fake loan apps. Apart from this, the Central Government’s investigative agencies Fraud Investigation Department, Intelligence Bureau and Reserve Bank of India are also keeping an eye on these apps.

Reports about these apps have also been submitted to the Union Home Ministry by the state governments of Telangana, Uttar Pradesh, Gujarat, Delhi, Punjab and Odisha. According to police officials of state governments, there are 1,000 such fake loan apps in India, while many more are being launched rapidly.

According to a report submitted recently by the Hyderabad Police, a Chinese national has duped people of Rs 21 thousand crore by forming shell companies.

Government strict against Chinese apps

In the last two years, the central government has banned hundreds of Chinese apps in India, including BGMI, PUBG, TikTok, Helo etc. At present, the fake loan apps present in India not only have a connection with China, but they are also being used to extort money from the common man. In such a situation, there is a need to ban these apps as soon as possible.

The central government is preparing to ban more than 300 fake loan apps after inputs from state governments and police departments as well as investigative agencies. Not only this, the government can also regulate loan apps soon.

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