GK and monthly revision

Govt debunks fake approval letter, claiming to grant loan under PMMY on payment of RS 350 as processing fee

The Government of India has refuted a fraudulent approval letter claiming to offer a loan of ₹5 lakh under the Pradhan Mantri Mudra Yojana (PMMY) for a processing fee of ₹350. The Press Information Bureau (PIB) has identified this letter as fake, emphasizing the importance of verifying such claims to prevent financial fraud. This incident highlights the need for public awareness regarding government schemes and the potential for scams targeting vulnerable populations.