87 Illegal Lending Apps Blocked So Far: Govt

The Government has blocked 87 illegal digital lending apps involved in predatory lending, data misuse, and coercive recovery practices. These apps violated RBI guidelines and exploited consumers with high-interest schemes, hidden charges, and privacy intrusions. The crackdown highlights the central government’s tech-driven approach to cleaning the digital lending ecosystem and safeguarding users from fraudulent platforms. The move also aligns with broader financial-sector reforms proposed by the Digital India strategy.