Archive · 18 Jul 2025

Farmers Protest Credit Score Rule for Cooperative Bank Loans

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.

Sources