Archive · 18 Jul 2025
Farmers Protest Credit Score Rule for Cooperative Bank Loans
Farmers are upset with cooperative banks in Srivilliputtur.
The banks now require a credit score to get a loan, even for small farm loans.
The farmers are confused because loans up to a certain amount don't even require collateral, so why the credit check?
They are also being charged money to check their credit scores.
The farmers believe this is unfair, especially since these banks are looking at loans from other financial institutions.
The farmers are wondering why their credit history from other banks matters to these cooperative banks.
Farmers protested in Srivilliputtur against cooperative banks' credit score requirement for loans.
Tamilaga Vivasayigal Sangam organized the demonstration.
Farmers object to credit score checks, especially for loans under ₹2 lakh, which don't require collateral.
Farmers are also charged ₹120 to check their CIBIL score.
Farmers question why cooperative banks need to know about loans from other banks.
- Who
- Farmers, Tamilaga Vivasayigal Sangam, and members of Primary Agricultural Cooperative Credit Societies.
- What
- Farmers protested against cooperative banks' credit score requirements for loans.
- When
- Information not available in the provided text.
- Where
- Srivilliputtur, India.
- Why
- Farmers object to credit score checks for loans and the cost of checking their scores.
Farmers' Concerns
Cooperative Bank's Stance
Credit Score Requirement
Farmers' Concerns
Farmers argue credit scores shouldn't be required for loans under ₹2 lakh as no collateral is needed.
Cooperative Bank's Stance
Not available in the provided text.
Loan Information
Farmers' Concerns
Farmers question why cooperative banks need to know about loans from other banks.
Cooperative Bank's Stance
Not available in the provided text.
CIBIL Score Fee
Farmers' Concerns
Farmers are unhappy about the ₹120 fee to check CIBIL score.
Cooperative Bank's Stance
Not available in the provided text.
- Protest Location
- Srivilliputtur
- Organizer
- Tamilaga Vivasayigal Sangam
- Led by
- N.A. Ramachandra Raja
- Loan Amount without Collateral
- Up to ₹2 lakh
- CIBIL Score Check Fee
- ₹120