Bogus Scheme With Big Names, Trading App: How Retired Banker Lost Rs 90 Lakh
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Government scheme — a structured programme with defined beneficiaries, budget allocation, and delivery mechanisms. The primary instrument for delivering welfare and development outcomes.
Summary
The fraudsters promised exceptionally high returns through stock market investments and commodity trading.
Key Facts
Type Scheme
Source NDTV - India
Published Monday, 8 June 2026
Affected Population 1.4 billion citizens, 63 million MSMEs
Key Numbers
GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
PM-JAY: 55 crore beneficiaries
Key Authorities
Key Stakeholders
Government Context
NDA III BJP-led NDA
Left Centre Right