Mudra Scheme: Only 1750 rupees payment of 1 lakh rupees! Modi government’s scheme is possible at all? – mssewb.org

Mudra Scheme: A viral message regarding central government’s financial support under the Pradhan Mantri Mudra Loan Scheme has gone viral on social media. The message appears to be an authorization letter and contains the details of the loan granted under the currency loan. It states that a particular applicant has been sanctioned a loan of Rs 1 lakh for a period of 36 months at an interest rate of 5 per cent. It is also stated that after paying Rs 1,750 as loan agreement charges, the loan amount will be disbursed later. It is further stated that Rs.1,750 is a refundable fee and will be refunded later.

On the other hand, PIB leaked this fraudulent message and said that this message is completely fake. The PIB also said that the central government had not announced any such aid. PIB tweeted, “An approval letter claiming to lend Rs 1,00,000 under Pradhan Mantri Mudra Debt Yojana against payment of Rs 1,750 as loan agreement charges. This letter is fake. FinMinIndia has not issued this letter.” Central agency PIB sometimes advises not to click on suspicious links in messages sent from unknown numbers.

How to authenticate a message with PIB?

If you receive any such suspicious message, you can always check its authenticity and check whether the news is genuine or a fake news. For that you need to send message to https://factcheck.pib.gov.in. Alternatively you can send a WhatsApp message to +918799711259 for verification. You can also send your message to pibfactcheck@gmail.com. Authentication information is also made available by PIB at https://pib.gov.in.

Some information about currency loan scheme

Micro Unit Development and Refinance Agency Bank (or MUDRA Bank) is a government financial institution of India. Mudra provides loans at low interest rates to micro-finance institutions and non-banking financial institutions, which in turn provide loans to Micro, small & Medium Enterprises (MSME). The scheme was launched by Prime Minister Narendra Modi on 8 April 2015.