“Government is offering subsidized loans, and without requiring any collateral exclusively based on Aadhaar cards”
What FACTLY found
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
Their words, from the summary they publish with the rating.
In short
This claim spread on social media around 16 February 2024. FACTLY (India) looked into it and published its finding on 23 February 2024, 7 days later. Its rating was “FALSE”.
Where the claim appeared
Links recorded by FACTLY. Some posts may have been deleted since.
This check was done by FACTLY, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.