Concern with new MSME 59 minute loan website
Any MSME entrepreneur, who is seeking a loan, needs to fill up forms and provide details on this website.
Shockingly, while filing the application form, the portal asks MSME loan seekers to provide login ID and password for Income Tax (I-T) website and bank account and username and password for goods and services tax (GST).
It asks the applicant to provide details of GST, income tax, net banking, directors, partners or proprietor and other details needed for the required loan.
Under the GST details it asks the borrower to provide GST Identification Number (GSTIN), GST User Name and GST Password. For income tax details, the applicant has to provide I-T returns of the past three years in XML format or provide permanent account number (PAN), date of birth or incorporation (of the firm), and "password of income tax account on www.incometaxindiaefiling.gov.in".
As if this is not sufficient, the applicant is asked to provide bank statements of past six months in PDF format or provide "login ID and password" of bank account.
Shocking, isn't it? The moment you part with your user IDs and passwords for income tax, bank account and GST, anyone can easily misuse these details. Without providing details of GST, ITRs and bank statements or the alternative of sharing login ID and password, you cannot proceed further.
Why does any website need sensitive and private information like login IDs and passwords of I-T efiling portal and bank account under the pretext of providing in-principle loan approval? more
Shockingly, while filing the application form, the portal asks MSME loan seekers to provide login ID and password for Income Tax (I-T) website and bank account and username and password for goods and services tax (GST).
It asks the applicant to provide details of GST, income tax, net banking, directors, partners or proprietor and other details needed for the required loan.
Under the GST details it asks the borrower to provide GST Identification Number (GSTIN), GST User Name and GST Password. For income tax details, the applicant has to provide I-T returns of the past three years in XML format or provide permanent account number (PAN), date of birth or incorporation (of the firm), and "password of income tax account on www.incometaxindiaefiling.gov.in".
As if this is not sufficient, the applicant is asked to provide bank statements of past six months in PDF format or provide "login ID and password" of bank account.
Shocking, isn't it? The moment you part with your user IDs and passwords for income tax, bank account and GST, anyone can easily misuse these details. Without providing details of GST, ITRs and bank statements or the alternative of sharing login ID and password, you cannot proceed further.
Why does any website need sensitive and private information like login IDs and passwords of I-T efiling portal and bank account under the pretext of providing in-principle loan approval? more
Viewed by 2292
View all 40 comments Below 40 comments
[ ]( # ) [ ]( # )  [ ]( http://r.sigma-institute.website/mk/cl/f/E-g6GrmvxZp1nhVB6LvY2HYv9Vksdsb7hDfGAO3hZVWLtP5zWw9kGhvhhxceacKMDf4t6eYnxyt7r24yKlDc0Sa_UdrWmrzhreHKMHKkjXF5sPXDVzsn9i8O9GtD4tzhumiRMl6sn-l9fkstn2TprAdP9S4vCMUjSrujFIgy3Xo9gNTnZGObuJ9WTWmhnf7xJ4DzrYd19jLapi0rOw2ctsC84D3f3lSP6A-LT9nxeuYVsBTN1GwhNrOUbyziuZb16_rihTcq0wKFXQmejxHMZv2VJdnaT7hbFIs5-wK6tN3a_3wgp2HnWv-qLORGbksbmG1OO9STyPmndL72yZfkFquZ7RQni7i_nPcCGnM0GlZVQKrRdA )  [ ]( # ) COMPUTER FOR ONLINE CLASSES [ ]( # ) [ ]( http://r.sigma-institute.website/mk/cl/f/32dhwrb6YXO29UyEZm2JWJwMmOrWjO4bJeb0R8om_S6I4TQA3X9qYKScjjxmipebftBQ8AOIyl2B-v9noJIxWIZfWQZOeuoCp-mkavWx77PLqJiBjj_5iRWdTq6OTorRHMQQvV4jznpDGnjuyAno3xEjZNOIHa4nIDtHrQXvtHw6qUvPRu2ihYC-GA8UHYe0t8HI33_g1c4wwjjNrfBnJ32WpGK4Y-iX0mrDiGWGInODoWW6AS9D3x48ydKhvn0sLq_J8EbFbWe29Jsjaqewv44pMsEItdZILp7j5ai0axvaQpBw9OxPyNT-Q1c6HmNaKEri7ujKdixi5fT7rQP2evloAX8Vm9AmzuHyYtr8_q1atLsPDQ ) [ ]( # )  For online classes we are providing a complete set of computer with UPS in following specifications: Monitor 15"; Camera & headphone CPU: 160 GB HDD, 2 GB RAM, Core 2 duo Keyboard, mouse UPS ( Electronic voltage stabilizer ) This complete set we offer pan India for Rs. 21000/- ( All inclusive ) One extra 160 GB Hard disk will be supplied free of cost within 5 years, if present becomes in sufficient. All carry "M.I.'s" 1 year warranty.    [ ]( # ) [ ]( http://r.sigma-institute.website/mk/cl/f/G5Sl2mR3xnHe20CU7ARifHYmvPE4Dnqphji9lfyvfKaRLPsmDVU0VRjY02-Kig9JtOlDOfiPcWquy9XzV8epOkUjuVD7K2nBhlIg8K_ORiWWACinstZyheAUfqCCjc2E4GtIHlnsdLSdz7HeCmerfLvEfscJ4hN2BvdIFi9bwlgS1wsP28dGEX6kUuUy5CQcjaYZFna97XzWM0r5H6cHLag_-RqZxpbtFB_KXQOQQ8yckVw1_f6BBFYBcU9lqZ_exWUia5BHcfpJ3fwDpuFRnHNAbvaT48JnClZq2ojV49mGw6uNFQtx_T0sWjIz2Dqjn-_9urxj0bN_TxoraqS-FbURZ3JGVIF9xAnB8gyFlUk2ai8CDQ ) We understand the hardships...  Hardships of the parents, hardships of teachers, hardships of every such individual who is now compelled to work from home; be it student or the the professional now computer set is must. we decided to help all such people by providing the complete set including UPS to save your machine for longer life. In comparison to laptops desktop is robust & long lasting and also cheap & best ! For getting this deal, please click the button below:  [ Button ]( http://r.sigma-institute.website/mk/cl/f/teFtQyctN7eGW9cz-1z3e_mMxjRRbVdYHxq7O2PJGwANgLCQ9JeiTk28uzZFRVowMqXawVcSr0wbmQF_AQR1Al63KICPmQ8P-YjPpuGePDLZShVgG1_ncP-iWrBqJen_cY5NB4zUj6wxB7tBBgiFaljyYL-dK3DAiyAVrAEGzVf6UiVU_2_hISp0_Fr4szBFTqunDwPqZXJH0xWRp0Z1jI5irnEVOUU8QNNh_dOulDKqv2kgst3supnGstG97P6h5qre66thO8MSNXaEeQjSoT0UIV_RiBfrAJhe4J0qhdiXZuUUVTwVe3PQnZs4EI6JDoGGn8EVSKVqLwGXtdQa069UHe4NJaBLsd0D8VnrAkxuorxeyA ) [ ]( # ) [ ]( # )  SIGMA INSTITUTE Delhi Cell: 9899075161 [ ]( http://r.sigma-institute.website/mk/cl/f/u1hLD6b-uIPgU38KSRIXzrld5M_9L9vGwfQjfIVqN9ZOPa4Pn6dDp_P2buyxbemZ3-pFmmIoasv-RkflNuvrpT_-_knO1UwueqkCPntZWhANG7HmW2WXcSvbHYdOEXrkVzIgEqEjfBxFXPjztGBc0AC8WzetswlhhaRU_uSTbfJoj5FQuPVvg9TGp5o23V0aC6KHVe_Et7mfEYd7X3UdMW-79caQBQGW9fb2GebraEB7n6_vzGr-ZSlaVn64NjTMK-CneLjr9yG5-FJagA0aebWclRej3vATv2irvSB7xG5gOk3naqaKiZszfzefawUB8J1PiYw76s6NehS9wKVhkRH3mrC1Hg ) [ ]( http://r.sigma-institute.website/mk/cl/f/6RDaPUJvZHOV5_-6qo6JG_W43BhiPB0H6SyI_rKFKQnZbW0qeUkhJnGRaLZcEbuQqFCsaNxSqvyH2ELYAVz702KcDZ4IqimWMJuO-pSxy6XRegFeetV8RfLsyZoxHOWFls-yWAw_GJILJqfNm00jW0DNWw9aeiMzpRjO8e3G_-UADik0mr-KPtouExsAtBI5fuo2JhSUOiS4pR7fjxE1f0AN4Cpmn4o4X3o_PXbrqIMODOyJZjRXmeM7O9lzC-erzuNrsNY835dVH9N3G8dJ58v0Ux75lJI03ijEguA5OtTr90llq4b-WYDLzR2NuedYh3BLn_N50bGTUdDitACIPgtOsQ ) [ ]( http://r.sigma-institute.website/mk/cl/f/sSVwpCBvvB1TecYQeHzZTQchAcQ_44buVjBcRDN9bp30jXB2JeT77m_1qDa5QXT7YHWzxy5U-JsjtKRFsttgIPAjMJy9ZCJeitmf4rxUSvNvF7yjdKY0eRSipATbB_gs4f06_ah0Zv1K--tS0g7v6EKRO6-ItCpaTEncyUFrtcrhcx4BdeZye5v6EXFPox3QHn6C9xfrdeaCqzi85895pYhIKSnroB_tysCNWWaVcJM7esUkfPp89vLA6IU0WcUefmgksbps852bmTkdWczPyh2p71RESau68r-tnZnBgFLyiE9YdETI-8dtLLGI2F__m6GYCswD1WtFBhuAEhovcmM ) [ ]( http://r.sigma-institute.website/mk/cl/f/snfIZkQ0aWL8Fuxt73C7L7fy0KKeE2tcc0wz5YthClaJMY9ixHeM6fAf7f3ftRnJsfjtm9Q1hYJFgXjP3jcwG3lYIbveXBWq-JO-2xcJnbROMyZEiKZa5VP4UR1vuDe7BN8_xuiH2O08T8C705GfN7qNroToi8tFLcCXs1aZccoal85LmdSM3qC-zpXXKnUQtRHR5LuqOBB2_7hKAphE7xRejF6AYY5RxJQio2BQ2VHrpK-H-aX35NZVUv51xhnQbiuyv_j5U4Vy7stXz9uuQ37bVVydRSKlTjwn76DGgMJxwMBMtHZq5kYFIt7ykeCkUS4UDtG3AWivpkrXoMgngAVuLC2rbTtrETTPo-o ) [ ]( http://r.sigma-institute.website/mk/cl/f/CQ-3PQc5XB60fDRuXE1ftgH2YIgoh8hsmfzfr3vdethwvqWelZ79hZhjUtfin285ocqAd26EXgvd_J0ehiSOlgMxYo53Xv6ai6BdzX49iRkofMPo9ssE4uglgD1ajqXy31dyJdqmQu6xq5cujv2c953KJaq5pYBz7euwUIfQtChflRDPSMdaeZRN34_J_UiPqaicd9cTIXVxy0uFj_f3OTzqpqkmqe3fDe39sSwuatlwGwQb1trEsQEKtAx0UpJzvyQvXctXeUvGuPwT_tv4NmF64fRmJSZxSTIge6-YuOYPJjpDZmvWDg1lhRuXTRvDte0OKGTvYkJBki3gid3VxHA5wGi9Eg ) [ ]( http://r.sigma-institute.website/mk/cl/f/qfG3bQM9O8Cp2nkZawri9ULaYoL9JHWSUxZuXrwusrw9QWct-NiXsHmrH0RKIrIVhT7Kbx1aJ5C873pg3t7yNaikRONQgdQyn8BPxQqGMOLS1_qIbM50H7fJTYe32LiW65eEEZOMeuSwA4iW5nnvVazS3uPNT4xDiglAdkXCxZ8mbcXQzUUPt0vIMRe__nIDQTOuyl6AYVzQVJDYQlmtHHGg_mXphN-u3AQgPnEVFZoPqt4V4yLd4jJf-jVEPrHRxxTf8TiZVmZmyfKSyBGp6tK1OXim0MWmsrCaXGjWjSga0u2FSTBfDAAi1Oufus6DKlAwBG6f5-qG5yYyOjTq648bkYQuVcbPiS0eV4PQ8p-zsNwvk2FCpN-ZAio0zZrXEdswpixMj3m06Ren1C8 ) [ ]( http://r.sigma-institute.website/mk/cl/f/OHi0V39VWTcQ0VfGhPx0FJaLyjVNnmWVET4KCmjJiA7EGO2ZXhEshw--LGYaHBcEYS4KixnMGz-_g2kO-MfW8LOlUFMWNmG59LvsT2tErdQ41YMpydiHFKAls3lWQk-CaMrhS6AV2fd7MADGqpxOoP1mxRfq5qve4YvjWDfxOKves1-F2N3-H8Eupxvr2kZCFenRK3bUHuPvCbHqiYSaFpQ4a4NhMeiAm0MagY8UYK2dZu5KzAa8T87sQHuGLZN3lHJiFfjTw2n5LMGiSL8Z9QC1BhwztoXVCHw_Zbl29vBgweXO2A0p0wNI3tfZgJa-XqXq3O1PoH1jGx3zarvEFQuzZkAZXVKulMweYJLQ ) [ ]( http://r.sigma-institute.website/mk/cl/f/Rnh8EMB1qhHH7FgI35-7wtYjdXSpILXKcc7Y28Jgn8VzRq1ITYaEaZxI4yss6jP0sLo6mcuTuSe825N3IQzPwabwPChjdpGAbdQEqz0QrjoLzSyGIprObGUQXV3Vl2WAS2Qmk0P1KM943gNgJ0hzppP5epnVZn3Cpr-LS-V6g6b_aw_ZR1j91LAEmliyMM8TGkUi8yOKW_sUaGoSFHNSmSv7T5is1vIDF-IJiDy5yDF045Z6uNk8IJnIj1DYGx_YkghrEdP2-PHyOGthBDuO8dRdunKAErBeBtge7FTRqNDDLYC5gdST1nqxorbohoisjeafphmS157yO8y2DEWWc9AGWPzRuRJajtpY )  [ ]( # )  You received this email because you are registered with Sigma Institute  [ Unsubscribe here ]( http://r.sigma-institute.website/mk/un/J_VXwuLiX8RXuJ55RnlcAB_BOIj7FGuvRxJ69o_molJQJ28qIQkK_QYiT5qhNwv5YJHD8tZvt9EHV4a1W3SqSiCfqFHBGBNFqYx2Qt_ZeSvxjBe5FTctfC1NO3-dJsxqP_EVrPjJVv-NSgyiNtx1z750iHIW0xB1LnNd5WjnPqpECEvmknqr6rvJxfez3r9UnKK5aNt53fZBizp2m8EnUVnNgb4 )  [ ]( # )  © 2020 Sigma Institute  more
Oct 31
The Govt of India is a typical case of left hand does not know what the right hand does. more
Nov 15
Banks frequently ask their account holders by sending SMS/emails not to share such important particulars of their bank accounts with any one under any circumstances. If you do so, your bank will not bear any responsibility for any kind of misuse of the accounts. more
Nov 12
Name:BM ZAMIR Address: kwakta sevla mina bazar Po/ps Moirang Dist Bishnupur Nationality: Indian State: manipur Quualification: graduate Contact no: +918118943786 & +917005095739 On Wed, 7 Nov 2018, 2:47 pm Rohit Jain, wrote: > more
Nov 11
If the government really wants that the MSME loans portfolio to increase, then let their be proper recovery mechanism. Banks are lending money, but after few months or years, the loan is going bad and recovery is not forthcoming. What is the guarantee for recovery and who is responsible for the loss. Wen the Bankers are responsible for recovery and in case of the loan goes bad, the Manager is subjected for the accountability study, then what is the protection available for them ???? more
Nov 09
