Archive · 26 Jan 2026
Government Clarifies Fake PM Mudra Loan Scam
The government has warned people about a fake letter that claims to give a Rs 7 lakh loan under the PM Mudra Yojana if you pay a small fee.
This is not true.
The real PM Mudra Yojana does not give loans directly to people.
Instead, it helps banks and other financial institutions give loans to small businesses.
The government says you should be careful of any loan offers that ask for money upfront.
Always check with official sources like the Mudra website or your bank to make sure a loan offer is real.
A fake PM Mudra loan approval letter is circulating, claiming a Rs 7 lakh loan for a fee of Rs 860.
PIB Fact Check has confirmed the letter is fake and urged citizens to be cautious.
MUDRA does not lend directly to individuals but works through banks and financial institutions.
Genuine Mudra loans are available only through authorized lending institutions.
The government advises verifying loan offers through official portals or bank branches.
- Who
- Government of India and PIB Fact Check
- What
- Clarification on fake PM Mudra loan approval letter
- When
- January 26, 2026
- Where
- India
- Why
- To caution citizens against fraudulent loan offers
- Fake Loan Amount
- Rs 7 lakh
- Fake Fee Charged
- Rs 860
- MUDRA's Role
- Refinancing agency, not direct lender
- Authentic Loan Sources
- Banks, NBFCs, MFIs, RRBs, Small Finance Banks
- Government Advisory
- Beware of unsolicited loan offers demanding upfront payments
- Verification Method
- Official Mudra website or bank branches