There has been a growing concern all around the country regarding the number of loan apps that popped up in the Play Store, that potentially violates safety measures. People around the nation have registered numerous petitions against such fraud apps and The Ministry of Electronic and Information Technology (MeitY) is currently looking into the affair seriously, Sanjay Dhotre a senior official for MeitY said earlier this week.
He further added that the interest rates for these amounts were high and the app often collected sensitive personal data of the user. These data were then used to torture the user mentally and at times physically to extort huge amounts of money.
“The Ministry of Electronics and Information Technology (MeitY) had proposed to amend the IT (Intermediaries Guidelines) Rules, 2011, notified under Section 79 of the IT Act, 2000. The proposed amendments to the said Rules were published on MeitY website on December 24, 2018, inviting public comments. The government regularly interacts with social media platforms regarding the steps to be taken to make social media safer.”Sanjay Dhotre
Google over the course of this year removed 100 apps that lend loans without proper legal and safety procedures from Play Store.