Claim: Government is offering subsidized loans, and without requiring any collateral exclusively based on Aadhaar cards.
Fact-check: Government has not launched any scheme offering loans solely based on Aadhaar card - FACTLY
Verdict: although the government is extending collateral-free loans to individuals for starting their enterprises, there exists no government scheme specifically providing loans solely based on the aadhaar card. while some banks/nbfcs are providing loans with minimal documentation, primarily using aadhaar authentication, these are not directly subsidized by the government. additionally, individuals must fulfill other conditions established by the bank besides possessing an aadhar card. hence, the claim made in the post is false.
Organisation: FACTLY
Author: Chaitanya
Date published: 2024-02-23T11:28:17