Fact Check: A viral website claims you can get up to ₹10 lakh using just your Aadhaar card. But is this government-backed offer real, or is it misleading entrepreneurs?
PM Aadhaar Card Loan Scheme Claim Explained
Recently, a website went viral on social media claiming that people can avail loans of up to ₹10,00,000 under something called the PM Aadhaar Card Loan Scheme. According to the site, young entrepreneurs can easily secure funds to start a new business or expand an existing one—without any guarantee.
Moreover, the website suggests that applicants only need basic documents like an Aadhaar card and can apply through any private or government bank. Naturally, this promise of quick, hassle-free money caught a lot of attention.
India TV Fact Check on PM Aadhaar Card Loan Scheme
However, when India TV investigated the claim, several red flags appeared. First, a Google search for “PM Aadhaar Card Loan” led to articles published on websites like sarkariyojnanews.com and achiloan.in. These platforms repeated the same claim without citing any official government notification.
Meanwhile, checks on official Government of India portals showed no evidence of any scheme called the “PM Aadhaar Card Loan Scheme.” Additionally, the official PIB Fact Check Twitter handle clearly labeled this claim as fake.
PM Mudra Yojana: The Real Loan Scheme for Small Businesses
That said, the claim is not completely baseless. The confusion likely comes from the well-known Pradhan Mantri Mudra Yojana (PMMY). Under this legitimate government scheme, entrepreneurs can indeed get loans of up to ₹10 lakh.
However, these loans are specifically meant for non-corporate, small, and micro enterprises. Commercial banks, small finance banks, microfinance institutions (MFIs), and NBFCs disburse these loans—not through a standalone Aadhaar-based scheme.
Documents Required for PM Mudra Yojana Loans
In contrast to viral claims, Aadhaar alone is not enough. Applicants must submit multiple documents to verify identity and business intent. As a result, the process remains structured and regulated.
| Requirement | Details |
|---|---|
| Identity Proof | Aadhaar Card |
| Business Proof | Business registration or plan |
| PAN Card | Mandatory for loan processing |
| Lending Institutions | Banks, MFIs, NBFCs |
Final Verdict: Is PM Aadhaar Card Loan Scheme Real?
To sum up, there is no government scheme officially called the “PM Modi Aadhaar Card Loan” or “PM Aadhaar Card Loan Scheme.” While the government does support small businesses with loans up to ₹10 lakh, it does so through the PM Mudra Yojana.
Therefore, claims suggesting that anyone can get a loan solely on the basis of an Aadhaar card are misleading. Entrepreneurs should always rely on verified government sources before applying for financial schemes.
FAQs on Aadhaar Loans and PM Mudra Yojana
| Question | Answer |
|---|---|
| Is there a PM Aadhaar Card Loan Scheme? | No, no such official scheme exists. |
| Can I get ₹10 lakh loan using only Aadhaar? | No, Aadhaar is only an identity proof, not the sole requirement. |
| Which scheme offers loans up to ₹10 lakh? | Pradhan Mantri Mudra Yojana (PMMY). |
| Who can apply for PM Mudra loans? | Small traders, entrepreneurs, and micro enterprises. |
