A viral news is being claimed that a fee of Rs 4500 will have to be paid for verification and processing fee for the loan under PM Mudra Yojana.

Fact Check: Social media rumors and fake news are often run regarding public welfare schemes run by the government. Currently, a fake news is being circulated on social media regarding "PM Mudra Yojana". It is being claimed that a fee of Rs 4500 will have to be paid for verification and processing fee for the loan under PM Mudra Yojana.

News Verification: The government has told the truth on this whole matter. The government has said that no such fee is charged. PIB Fact Check has told in one of its tweets that some people are making a letter viral on social media.

It is being said in this letter that if you want a loan under PM Mudra Yojana, then for this you will have to pay a verification and processing fee of Rs 4500.

An approval letter claims to grant a loan of ₹10,00,000 under the 𝐏𝐌 𝐌𝐮𝐝𝐫𝐚 𝐘𝐨𝐣𝐚𝐧𝐚 on the payment of ₹4,500 as verification & processing fees.
#PIBFactCheck

▶️This letter is #Fake.

▶️@FinMinIndia has not issued this letter.

Read more: 🔗https://t.co/cQ5DW5Rh6L pic.twitter.com/mx38VngLo1

— PIB Fact Check (@PIBFactCheck) November 26, 2022

PIB Fact Check states that no fee is charged by the government for giving loans under "PM Mudra Yojana". It has been told by tweeting that this letter is completely fake.

The Ministry of Finance has not issued any such instructions or orders.Explain that PM Mudra Yojana, Micro Units Development and Refinance Agency Limited, is a new organization formed by the Government of India for activities related to development and refinancing of small units. The scheme was introduced by the finance minister in the 2016 budget.

Its objective is to promote the non-corporate small business sector and give them proper assistance through loans. PIB Fact Check always gives information about fake news and rumors being circulated about the schemes of the government.

News Verdict: The viral news claiming government is charging a fee of Rs 4500 for verification and processing fee for loan under PM Mudra Yojana is fake.