In the name of the loan loan, the government will be closed, the government will bring in the law - the fraud in the name of loans will be stopped. The government brings in a law

In the name of giving loans, the rocket of the app and agency, which collects a large amount by implying the innocent people, will now be closed. The government brings laws for strict action against those who cheated on the name of loan. Gorakhdhandha will be closed in the name of the loan, the government brings the law (symbolic picture) Rajiv Kumar, New -Delhi. In the name of giving loans, the rocket of the app and agency, which collects a large amount by implying the innocent people, will now be closed. The government brings laws for strict action against those who cheated on the name of loan. The name of this proposed law is the support of an regulated landing activities (call), which can soon be approved by the Cabinet. After implementing this Act, whether someone is doing business to borrow commercially or in digital ways, it will be mandatory to take approval from RBI or in terms of the State Bank of India or the Money Loan Act. Those who do not approve will be strict, may be jailed with heavy fine. Prisoner ranging from two to seven years and ranging from two lakh to one crore is suggested. The debt taken from a family member is excluded from the lead of this proposed law. The special feature of the proposed law is that there will be a database of the lending agency or app approved by the government agency, which can be seen or you are taking a loan, or it is authorized to give loans. Last year, the Ministry of Finance issued the proposed law. The concept mainly brought this law to prohibit the digital lending app operated from China and other countries. The apps operated from China began to blackmail people by giving loans, through which many people committed suicide. The concept was issued by the Ministry of Finance. On the recommendation of RBI and the Ministry of Finance, many such programs were banned, but it could not be permanent treatment. With this in mind, a concept was issued by the Ministry of Finance last year regarding this proposed law, on which the opinion of stakeholders was sought. The preparations for the proposed law are in the final stages. According to the proposed law, this type of cases can be made for the special court, a separate team will be appointed to take action against those who give without the permission of the regulator, who have the right to investigate such a case. Special courts can also be formed for such cases if necessary. In the proposed law, there are also action against those who are misleading in the name of the lending. Advertisement will also be banned. Contact to take a loan at a low interest or take a loan within five minutes, such as promotions are seen regularly. This type of ad will also be banned. Six years ago, the government brought a law to combat the business of non -composed deposits, known as the Ponzi scheme. Now dissolved loans will be banned. What will happen in the law will have to go with a heavy fine. The loan of a family member is excluded from the benefits of this proposed law.