A viral loan approval letter claiming to offer ₹50,000 under the Pradhan Mantri Mudra Yojana (PMMY) in exchange for ₹2,750 as documentation charges has been flagged as fake.
What’s the Claim?
The letter looks official and claims to offer a Mudra loan of ₹50,000 , but only if the applicant pays ₹2,750 for documentation or processing fees. Many people have reported receiving similar letters or messages online and offline.
Fact-Check Findings
Channeliam Fact Check has confirmed that the letter is completely false. Here’s what the official clarification says:
- MUDRA is a refinancing agency, which does not lend directly to individuals or micro-entrepreneurs.
- Genuine Mudra loans can only be availed from recognized financial institutions like banks, NBFCs, or Micro Finance Institutions (MFIs).
- No third-party agent or individual is authorized to approve or issue loans under the PMMY scheme.
Where to Apply Safely
To apply for a real Mudra loan, you should:
- Visit your nearest bank branch
- Or contact approved NBFCs or MFIs
You should never pay upfront charges to unauthorized persons or unknown sources.
Stay Alert, Stay Safe
Be cautious of fake letters and offers. Always verify loan-related messages via the official MUDRA website: mudra.org.in
Avoid sharing personal or banking details unless you’re dealing with an authorized institution.
