If you have received an approval letter claiming to grant a loan of ₹1,00,000 under the PM Mudra Yojana on payment of ₹1,750 as loan agreement charges, be aware that this letter is fake. The Ministry of Finance, Government of India, has not issued any such letter.
The PM Mudra Yojana loan application process involves applying through designated banks or financial institutions, and no fees are charged for applying for the loan. The loan approval and disbursement process also do not involve any charges or fees to be paid by the borrower.
To avail of the benefits of the PM Mudra Yojana, applicants should apply only through designated banks or financial institutions and follow the official guidelines and procedures. Be cautious of fraudulent messages or letters claiming to offer loans or financial assistance, and verify the authenticity of such offers before proceeding with any payments or transactions.
