Is there a new scheme promising Rs 20 lakh monthly returns? Here is what the government said

With many people looking for investments that can help them make quick gains in a short period, fraudsters are exploiting their desperation by targeting them with ‘government-backed’ schemes offering high returns. The government has warned about a misleading website displaying a message claiming that investors can earn over Rs 20 lakh per month with a small investment.

The platform is also misusing the name of Finance Minister Nirmala Sitharaman to appear credible and attract unsuspecting users.

The platform claims that Sitharaman is promoting an investment platform with Infosys chief Narayan Murthy and his wife Sudha Murthy, promising monthly returns of up to Rs 20 lakh on a small investment of Rs 2,100. The website also asks users to submit their personal contact details for registration.


According to a clarification issued by the Press Information Bureau (PIB) Fact Check team, the claim is a scam and the image is fake artificial intelligence (AI-generated). The PIB Fact heck unit has clearly stated that neither the Finance Minister, nor the Government of India has endorsed any such investment scheme.


The PIB Fact Check team also informed that another fake investment video is circulating on social media, falsely showing Sitharaman endorsing a platform promising high returns. The video showing Sitharaman promising earnings of up to Rs 22 lakh per month from a small investment has been identified as digitally manipulated using AI.
The PIB Fact Check team suggested avoiding clicking on suspicious links as they may be phishing scams. It has advised not to share personal or financial details on such websites.


Always verify such claims through official government sources. Avoid clicking on suspicious links or sharing personal or financial information online, the PIB Fact Check team says.

If you come across such misleading or manipulated content, report it immediately: WhatsApp: +91 8799711259
Email: factcheck@pib.gov.in

What is Citizen Financial Cyber Fraud Reporting and Management System (CFCFRMS)?

Citizen Financial Cyber Fraud Reporting and Management System has been developed by the Indian Cybercrime Coordination Centre and is operated by the respective State/UT which brings together law enforcement agencies of states/UTs, banks and financial intermediaries on a single platform to take immediate action on complaints regarding financial cyber frauds received through helpline number 1930. The calls are being received by respective state/UT Police officials.

I4C, MHA is the platform provider. Complaints are lodged and handled by respective state/UT law enforcement agencies.
How can citizens register a complaint on the Citizen Financial Cyber Fraud Reporting and Management System?
Citizens can register their complaints through the helpline number 1930. Complainants can call on the helpline number 1930 and provide few mandatory details like name, mobile number, address, transaction details, etc., and after receiving the acknowledgement number, complainants are needed to make a formal complaint on the portal (https://cybercrime.gov.in/) within 24 hrs using the acknowledgement number received on SMS.