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Maharashtra CM Fadnavis warns banks against demanding CIBIL scores for farm loan

CM says a target has been set for agriculture loans to be given by banks to farmers; Shinde urges banks to take agriculture credit provision seriously. Deputy Chief Minister Eknath Shinde, who was also present in the meeting, urged the banks to take agriculture credit provision seriously and ensure they meet the 100 per cent target given to them

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CM Devendra Fadnavis chaired the state-level bankers committee meeting on Monday

CM Devendra Fadnavis chaired the state-level bankers committee meeting on Monday

Banks will face action if they ask for CIBIL scores from farmers as a condition for disbursing agricultural loans, said Chief Minister Devendra Fadnavis during a meeting of the state-level bankers committee he chaired on Monday, as he directed the banks to disburse agricultural loans to farmers. 

In the meeting, Fadnavis mentioned that farmers are the backbone of the state and agriculture is a major part of its economy. He stated that if agriculture loans are not provided to farmers, in many cases it even leads to farmer suicide.

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