Aadhaar card will provide loan at 2% interest

Fact Check: No, Aadhaar Card Does Not Provide Loans at 2% Interest—PNB Warns Against Viral Scam

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Aadhaar card will provide loan at 2% interest
New Delhi: A viral message circulating on social media claims that under the Pradhan Mantri Yojana, loans are being offered at a 2% interest rate using just an Aadhaar card. The message has sparked curiosity and hope among many users, but authorities have now stepped in to clarify the facts.

The Press Information Bureau (PIB) and Punjab National Bank (PNB) have officially debunked the claim, labeling it as completely false and misleading. Users have been urged to stay alert and avoid engaging with such fake schemes that are often used by cybercriminals to extract sensitive personal information.

The Viral Message and Its Claims

According to the misleading posts on platforms like WhatsApp and Facebook, individuals can receive low-interest loans directly to their accounts by submitting their Aadhaar card details under a government scheme. The message falsely asserts that the benefit is part of a central initiative and is available to all citizens. Many users began sharing and commenting on the post, contributing to its rapid spread online.

PNB’s Official Response

Punjab National Bank responded promptly through its official Fact Check Unit, clarifying that no such loan scheme exists under the bank or any government program that provides loans at a 2% interest rate using only Aadhaar credentials. The bank also warned that engaging with these messages—especially those containing suspicious links or contact numbers—could lead to data theft, including your PAN details, bank account information, or Aadhaar credentials.

What the Press Information Bureau Found

The PIB’s Fact Check team took note of the circulating claim and confirmed that it is entirely fabricated. The agency posted on social media platform X (formerly Twitter), warning citizens not to fall for such frauds. According to PIB, these messages are often created to lure users into sharing personal details, which could then be used for identity theft or financial fraud.

The Real Danger: Cyber Fraud and Identity Theft

Such fake schemes are not new. Cybercriminals often disguise scams as government benefits to gain the trust of unsuspecting citizens. By clicking on fake links or calling numbers in the message, users unknowingly expose themselves to phishing attacks or unauthorized access to their financial accounts. Experts warn that even a single click on a fraudulent link can have serious consequences.

What You Should Do

Authorities recommend verifying any financial claims through official websites or government portals. Never share personal or financial details based on WhatsApp forwards or unverified social media posts. For updates on legitimate government schemes, always rely on trusted sources like the official websites of banks, PIB, or the Ministry of Finance.

Conclusion

The claim that Aadhaar cardholders can receive loans at 2% interest under a Pradhan Mantri Yojana scheme is completely false. Be vigilant and avoid falling for online misinformation that could compromise your financial security.

Author Profile

Kuldeep Singh Chundawat
Kuldeep Singh Chundawat
My name is Kuldeep Singh Chundawat. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.