BENGALURU: Siddegowda, a 41-year-old farmer from Channapatna, lost Rs 55,000 to cybercriminals who allegedly promised him a loan of Rs 8 lakh under the Pradhan Mantri Mudra Yojana (PMMY).
The scheme was launched by the prime minister on April 8, 2015 for providing loans of up to Rs 10 lakh to non-corporate, non-farm small/micro enterprises. The loans are given by commercial banks, regional rural banks, small finance banks, microfinance institutions, and non-banking financial institutions.
