AP Government’s Bold Step Against Loan Apps

The government of Andhra Pradesh, led by the NDA camp has multiple aspects to deal with after 5 years of misrule earlier. One of these crucial aspects to be dealt with is the growing loan apps culture and the other is betting sites issue.

These issues are meant to be dealt with immediately and effectively. In accordance, the government has now started to address the loan apps issue that is increasingly prevalent.

Home Minister Anitha addressed the issue in the assembly today as she cracked down heavily on the loan apps culture.

“These loan apps are luring the common public with their trapping mechanisms. They first offer loans with less processing documentation and people are lapping them up. Once that’s done, they start to torture the receivers by illegal means. Their torture is so very harsh that people are committing suicide. We will start to crack down on the issue henceforth.” The home minister said.

Home Minister Anitha commented that the loan apps in circulation now are mandated to come first with detailed documentation and loan approval mechanisms. Else, they will face stern consequences at an official capacity.

This really is a burning issue and is claiming the lives of many commoners who are falling in the trip by running after easy money. First, they take the loans from these apps and then struggle to repay it. This is when these apps start calling their receiver’s friends and family. This ugly trend has been catching up.

Finally, the government has recognised the issue and vowed to eradicate the same. If implemented well, this program can virtually save the livelihood of thousands of people.