Claim: MUDRA Loan Approval Letters asking borrowers to pay legal charge/processing fee for loan disbursement.
Fact-check: These 'MUDRA Loan Approval Letters' asking borrowers to pay processing fee/legal charge for loan disbursement are fake - FACTLY
Verdict: there are a lot of inconsistencies and mistakes in the approval letters. neither 'mudra finance private limited' nor 'mudra finance limited' can be found in the 'list of partner institutions shortlisted to be partners of mudra'. also, there is no 'national financial corporation act 1956', which is mentioned in the letter. hence the claim made in the post is false.
Organisation: FACTLY
Author: Akhil Reddy
Date published: 2020-07-06T13:53:18