New Delhi: Following constant complaints against Chinese loan and betting apps, the Ministry of Electronics and Information Technology (MeitY) has started the process of banning 138 betting apps and 94 lending apps that had Chinese links, on the instructions of the Union Ministry of Home Affairs (MHA).
According to the information, the MeitY was recently instructed by the MHA to ban such apps, which operate through a third party link.
Sources said that all these apps were found violating Section 69 of the IT Act and contained material which was deemed as a threat to India’s sovereignity and integrity.
As per sources, these apps are used to trap financially strapped people in a debt trap, by increasing their interest on loans up to 3,000 per cent.
Many such people who were caught in the debt trap committed suicide when the people working for the apps mentally harassed them.
The issue came to the fore after several cases of suicides by borrowers of these apps were seen in Andhra Pradesh and Telangana.
