Fact Check Alert: Finance Minister Has Not Endorsed Any Scheme Promising Rs 60,000 in 24 Hours

In an age of viral misinformation and deepfake technology, a new video circulating on social media has sparked confusion and concern. The clip claims that Union Finance Minister Nirmala Sitharaman has endorsed an investment scheme that can allegedly help citizens earn Rs 60,000 in just 24 hours and up to Rs 5 lakh monthly. The video, which has gained traction on platforms like Facebook and WhatsApp, features what appears to be the Finance Minister promoting a platform called QuantumAl. However, official sources have now confirmed that the video is fake and digitally manipulated.

 

The Press Information Bureau’s Fact Check team has issued a public warning, urging citizens not to fall prey to such misleading claims. No such scheme has been launched or endorsed by the Finance Minister or the Government of India.

 

Key Highlights from the Fact Check

 

A viral video falsely claims Finance Minister Nirmala Sitharaman endorsed a scheme to earn Rs 60,000 in 24 hours

 

The video promotes a platform called QuantumAl, suggesting high returns from minimal investment

 

PIB Fact Check team has confirmed the video is fake and digitally altered

 

No such scheme has been announced by the Finance Ministry or any government body

 

Citizens are advised to verify investment claims through official channels before acting

 

The Viral Claim and Its Origins

 

The video in question shows a digitally altered version of the Finance Minister allegedly endorsing an investment platform that promises extraordinary returns. One version of the clip claims that an investment of Rs 22,000 could yield Rs 60,000 in a single day and Rs 10 lakh per month. Another iteration suggests that investing Rs 21,000 could generate up to Rs 20 lakh monthly.

 

These claims are not only unrealistic but also dangerous, as they exploit the credibility of public figures to lure unsuspecting individuals into fraudulent schemes. The use of deepfake technology has made it increasingly difficult for viewers to distinguish between authentic and manipulated content.

 

Government Response and Public Advisory

 

The Press Information Bureau, which routinely debunks misinformation related to government policies and officials, responded swiftly. In a post on X (formerly Twitter), the PIB Fact Check team clarified that the video is fake and that no such investment program has been launched or endorsed by the Finance Minister.

 

The advisory urges citizens to exercise caution and avoid engaging with platforms that promise high returns with little to no risk. It also recommends checking the authenticity of such claims through official government websites and verified social media handles.

 

The Rise of Deepfake Scams

 

Deepfake videos are increasingly being used to impersonate public figures and spread misinformation

 

These scams often target individuals looking for quick financial gains

 

The use of AI-generated content makes it harder to detect manipulation without forensic tools

 

Authorities are working to raise awareness and improve digital literacy to combat such threats

 

What Citizens Should Do

 

Always verify investment schemes through official government portals or financial institutions

 

Be skeptical of videos or messages that promise unrealistic returns in short timeframes

 

Report suspicious content to cybercrime authorities or fact-checking agencies

 

Follow trusted news sources and government handles for accurate information

 

Educate family and friends about the risks of digital misinformation

 

Conclusion

 

The claim that Finance Minister Nirmala Sitharaman has endorsed a scheme to earn Rs 60,000 in 24 hours is entirely false. The video circulating online is a deepfake, designed to mislead and exploit. As digital scams become more sophisticated, public vigilance and media literacy are more important than ever. Citizens are encouraged to rely on verified sources and avoid falling for schemes that sound too good to be true—because they usually are.

 

Sources: Economic Times, PIB Fact Check on X