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Mudra loans: Banks told to alert customers on frauds related to Mudra loans

The government has asked banks to keep vigil and inform their customers of fraud in Mudra loans. The directive follows multiple instances of frauds related to Mudra loans which have come to light. There have been reports of several unsuspecting small loan seekers getting duped by fraudsters impersonating as facilitators of Mudra loans.
Nirmala Sitharaman Mudra Loans Bank Alert Fraud Alert Loan Frauds Small Loans

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