Finally a good news for people of Andhra Pradesh. The Government has woke up after lots of complaints. The 'Call Money scam' is tearing up the Government into pieces. Lots of women are affected due to this scam.


Police are in hunt of people who are misusing the scheme. But now Andhra Pradesh has organized Money Lenders Bill. The Bill was moved by Deputy Chief Minister N.Chinna Rajappam.


The act provides that money lending cannot be done without a license, and the government may, from time to time, specify the maximum rate of interest chargeable by money lenders for any local area. And the accounts of money lenders will be audited every year.


If the auditing does no tally, the punishment will be prison for one year and it may even extend up to three years. TDP's G Buchaiah Chowdary and BJP floor leader Vishnukumar Raju said the borrowers are getting into a vicious cycle. Wish this bill puts a full stop to all this mess.



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