PM Mudra Yojana: On one hand social media is for good things, on the other hand it also has many disadvantages. Many issues related to the public can be raised here.

On the other hand, on this social media, the public is also made a victim of fraud by misleading them. These days a letter related to PM Mudra Yojana is being circulated on social media.

In this letter, a promise of loan approval of up to 3,00,000 is being made. Read what is the truth of this claim.

Mudra Loan Scheme 1 jpg

 

Loan is being given by taking money

If the citizens want to start their work, then the government helps them in that. Under this, the government gives some loan so that you can start any of your business. Now fraud is being done in the name of PM Mudra Yojna, the loan scheme of the Government of India. A letter has been given in it, in which it is written that by paying 36,500, take a loan of 3,00,000 under PM Mudra Yojana. If you come across any such letter, do not trust it at all

Government fact check

Taking cognizance of this fake letter, the government has issued a fact check. In which the public has been warned about this fraud. The fact check was shared on the social media platform X.

While sharing the letter, it was written that an approval letter is being given in which it is being claimed that this is under the PM Mudra Yojana and to get a loan of Rs 3,00,000, pay Rs 36,500 for legal insurance. Calling this letter fake, it was written that ‘this letter has not been issued by the government.’

What is PM Mudra Yojana?

This scheme was brought to help small businessmen or shopkeepers in the country who want to start their own work. PM Mudra Loan Yojana was started in April 2015.

The Mudra Loan Scheme is run by the Ministry of Micro, Small and Medium Enterprises.

Under this scheme, small traders can take loans up to Rs 10 lakh without any guarantee. The government gives you up to 5 years to repay this loan.