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Big News: Government is giving loan up to 5 lakh on Aadhar card, know what is the truth of it

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A post going viral on social media also worried the government and it had to come forward to warn people about this. It has been said in the post that the Modi government is providing easy loan of Rs 4.78 lakh to the Aadhar card holders. The users who knew the truth of this post were blown away.


New Delhi. Nowadays a message is becoming increasingly viral on social media that Modi government is providing easy loan on Aadhar card. If you have also received such a message, then read this news before falling prey to it.

Actually, the Modi government is running many welfare schemes for the youth and the unemployed. As far as giving easy loans is concerned, the government has already started the Mudra loan scheme, in which the youth are being provided loans easily at low rates to start their employment. The government has also warned people about the message going viral.

In the viral message,

it is being claimed in this message spreading on social media that the central government is providing a loan of Rs 4.78 lakh to all the citizens on their Aadhar card. Those who have Aadhar card can apply for this loan. Earlier it was also being claimed in a viral message that the government is giving an allowance of Rs 6,000 to unemployed youth and its registration has also started.

Did the government

after checking the fact of the viral post, the situation was clarified by tweeting on behalf of PIB. PIB said that this claim is completely fake and no such loan is being offered by the government. PIB has also advised people not to share such messages. PIB said that fraudsters collect their personal information from people by giving such bluffs, so that it becomes easy to break into their accounts.

Loan is available on Aadhar… what do experts say?

Banking experts Ashwini Rana says that many banks provide personal loans through Aadhaar. In such cases, Aadhaar is considered as your primary identity card and there is no collateral to be paid for such loans. After getting KYC done, banks provide loans up to Rs 1 lakh only through Aadhaar without salary slip or other documents. However, getting the loan completely depends on your good credit score. If your CIBIL score is above 700 then you will get loan easily.

Pravesh Maurya
Pravesh Maurya
Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
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