Mumbai Police on Saturday said that it has busted a gang that had been luring people online with low interest rate loans under the 'Pradhan Mantri Mudra Yojana' and the Andheri Police has nabbed as many as 10 people in connection with the matter.

According to the police, A 44-year-old woman had on January 1 filed a complaint with the Andheri Police in western suburbs of Mumbai regarding the alleged fraud and told the police that she had come across an ad online along with a contact number by an unknown person on a social media platform.