Manoj Kumar Pathak
New Delhi, In a decisive move, the central government has issued a directive to social media and online platforms, instructing them to refrain from hosting advertisements for illegal loan and betting apps. Union Minister Rajeev Chandrasekhar, addressing the issue, emphasized the need to crack down on the advertising of fraudulent loan apps that have proliferated across various platforms.
Speaking on behalf of the government, Minister Chandrasekhar revealed that the Ministry of Electronics and Information Technology has conveyed explicit instructions to online portals. The directive explicitly prohibits the hosting of advertisements for fraudulent loan apps that are designed to mislead and exploit individuals.
The government’s action comes in response to the rising concerns regarding the proliferation of illegal loan and betting apps, which often engage in deceptive practices, taking advantage of unsuspecting users. Such apps have been notorious for imposing exorbitant interest rates and engaging in unethical practices, leading to financial exploitation and distress among users.
Minister Chandrasekhar highlighted the commitment to protecting citizens from falling victim to such fraudulent schemes. The crackdown on advertising aims to curb the promotion of these apps and safeguard the interests of the public.
This move aligns with the government’s ongoing efforts to regulate digital platforms and ensure responsible conduct in the online space. It also reflects a broader commitment to consumer protection, especially in the digital financial landscape.
The Ministry’s directive underscores the importance of accountability for online platforms, urging them to play a responsible role in curbing the proliferation of illegal loan and betting apps. As the government takes these measures, it seeks collaboration from the digital industry to create a safer online environment for users. The public is encouraged to remain vigilant and report any suspicious activities related to fraudulent loan and betting apps, contributing to the collective effort to maintain the integrity of digital platforms.
