Govt asks blocked lending apps to submit documents proving legality

The loan apps blocked over the notice from the Ministry of Electronics and Information Technology (MeitY) have been asked to submit necessary documents to prove that their practices were in legal boundaries, a senior government official said on Thursday.

MeitY earlier this week issued orders to block around 138 betting and 94 Chinese loan apps for alleged involvement in money laundering and posing “threat to the financial security of the nation.” The action started after a nodal officer of the Ministry of Home Affairs alerted the IT ministry. The blocking orders for the apps were issued on an urgent and emergency basis.