There is no Central Government scheme with the name - ‘Pradhan Mantri Loan Yojana’ - FACTLY
Sai Krishna Muthyanolla
June 7, 2022
A post regarding a scheme, ‘Pradhan Mantri Loan Yojana’, is being shared widely on social media with the claim that the scheme provides a subsidised loan of up to 20 lakh rupees. Let’s fact-check the claim made in the post.
Claim: Subsidised loans available under the Central Government scheme – ‘Pradhan Mantri Loan Yojana’.
Fact: There is no such scheme under the Central Government. The ‘Press Information Bureau (PIB)’ has also tweeted saying that there is no Central Government scheme with the name – ‘Pradhan Mantri Loan Yojana’. Hence the claim made in the post is FALSE.
When we searched about the scheme, there was no information regarding the scheme on any of the government portals. Also, there were no media reports on the scheme. If there was any such government scheme, the media would have reported about its launch.
FACTLY tried to call the number given in the post, but it was switched off. The App store link given in the post directs people to a private application. The website provided on the ‘प्रधानमंत्री लोन योजना INDIA’ Facebook page is also not working. One can see that the ‘Pradhan’ is spelled wrong (as ‘prdhan’) in the website address.
Also, on multiple occasions, the ‘Press Information Bureau (PIB)’ has tweeted saying that there is no such central government scheme. Those tweets can be seen here and here.
To sum it up, there is no central government scheme with the name – ‘Pradhan Mantri Loan Yojana’.