Is the viral "approval letter" claiming to grant an INR 7,00,000 loan under the PM Mudra Yojana real or fake? The question comes as an approval letter going viral on social media claims to grant a loan of INR 7 lakh under the Pradhan Mantri Mudra Yojana (PMMY) on payment of INR 860 as agreement charges. A fact check by PIB revealed that the viral letter is fake.