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Palghar: Man duped of Rs 6.5 lakh with promise of loan under central scheme

The accused handed him over fake documents claiming that that loan had been sanctioned

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Representational Image. Pic/iStock

Representational Image. Pic/iStock

A snack shop owner from Dahanu in Maharashtra's Palghar district has been cheated of nearly Rs 6.5 lakh with the promise of getting a loan for his son under a central scheme, the police told news agency PTI on Saturday.

The complainant told the police that accused Arvind Vinayak Baviskar offered to arrange a loan under the Centre's Micro-Units Development and Refinance Agency (MUDRA) scheme that provides credit of up to Rs 10 lakh to small entrepreneurs, reported PTI.

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