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Mahindra Finance Approval Letter PDF Form

Mahindra Finance Approval Letter PDF Form

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Instructions and help about mahindra finance online loan

We at Factly received a document with the heading ‘Loan Approval Letter’ on our WhatsApp helpline and were asked to check its authenticity. The letterhead reads, ‘Pradhan Mantri Mudra Yojana’. We looked this up with the relevant keywords and found that a Facebook page called ‘Pradhanmantri Mudra Yojna’ has also posted a similar letter with the description, ‘Government Approval Letter’. The letters mention that a processing fee or legal charge must be paid before the loan amount is handed over. Before we get into the fact-check, let us understand what the PM MUDRA Yojana, or PMMY, is. The MUDRA website says that the scheme was launched in 2015 for providing loans of up to Rs 10 lakh to non-corporate, non-farm small/micro enterprises. The loans are given by commercial banks, RRBs, small finance banks, MFIs and NBFCs. Borrowers may approach any of the authorised lending institutions or can apply online through an official portal. Various people across the country have r

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