A fake loan approval letter claiming to offer a ₹3 lakh loan under the Pradhan Mantri Mudra Yojana is circulating online, according to PIB Fact Check.
The fraudulent letter asks applicants to pay a legal consideration charge of ₹999 to receive the purported loan.
PIB Fact Check has clarified that the circulated letter is fake and urged people to remain cautious.
🚨 SCAM ALERT!
A loan approval letter is circulating, claiming to grant a loan amount worth ₹3 Lakhs under the Pradhan Mantri Mudra Yojana on payment of a legal consideration charge of ₹999.#PIBFactCheck
❌ The letter is #FAKE.
✅ MUDRA does not provide direct loans to… pic.twitter.com/0NOArII3ha
— PIB Fact Check (@PIBFactCheck) August 12, 2026
PIB Fact Check said the Micro Units Development and Refinance Agency (MUDRA) does not provide direct loans to individuals or micro-entrepreneurs. Instead, MUDRA functions as a refinancing agency.
The claim made in the circulating loan approval letter that individuals can obtain a ₹3 lakh loan directly from MUDRA in exchange for a ₹999 charge is misleading.
People should exercise caution when receiving unsolicited loan offers or documents seeking payment in exchange for loan approval.
PIB Fact Check has advised citizens to rely on official sources for authentic information related to government schemes and financial assistance.
The public can verify details about the Pradhan Mantri Mudra Yojana through the official MUDRA website and should avoid making payments based on unverified loan approval letters or similar messages.
The warning comes amid the circulation of misleading content related to government schemes, where fraudsters may use the names and logos of government institutions to make false offers appear legitimate.
Citizens should verify such claims before sharing personal information or making any payment. They should also report misleading content related to the Government of India to PIB Fact Check.
Also Read: Fake Bank Of India Notice Claims Accounts Will Be Blocked Over KYC; PIB Fact Check Responds
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