Archive · 20 May 2025
Maharashtra CM Slams Banks for Demanding Farmer Credit Scores
The Chief Minister of Maharashtra is upset because some banks are still asking farmers for their credit scores before giving them loans, even though they shouldn't be.
He said this can hurt the economy and lead to farmers taking their own lives.
He wants the banks to stop this practice immediately and give out more loans to farmers, especially since a good farming season is expected.
The state also approved a big plan to give out loans for the next year.
Maharashtra CM criticized banks for requesting farmers' CIBIL scores for loans.
CM urged SLBC to take action against banks seeking credit scores.
The practice continues despite previous FIRs and RBI guidelines.
Banks were asked to increase loan disbursal for farmers this financial year.
Credit draft of Rs 44.7 lakh crore was approved for 2025-26.
- Who
- Chief Minister Devendra Fadnavis, banks, and farmers
- What
- CM criticized banks for requesting CIBIL scores for agricultural loans
- When
- May 19, 2025
- Where
- Maharashtra
- Why
- To prevent negative economic impacts and farmer suicides
- State
- Maharashtra
- Chief Minister
- Devendra Fadnavis
- Deputy CM
- Eknath Shinde
- Credit Plan (2025-26)
- Rs 44,76,804 lakh crore
Sources
Message from Reshimbagh reaches all corners of India: Fadnavis
Argi min hints at fertiliser subsidy through DBT to farmers
Argi min ponders fertiliser subsidy through DBT to farmers
CM raps banks for asking for credit score for agri loans
