Maharashtra Deputy CM warns PSU Banks not to demand CIBIL score from Farmers

During a State-level bankers’ committee meeting attended by high-ranking officials from various financial institutions, Maharashtra Deputy Chief Minister Devendra Fadnavis issued a stern warning to nationalised banks. He stated that if these banks insist on CIBIL scores from farmers applying for crop loans, they would face FIRs (First Information Reports).

Deputy Chief Minister Fadnavis emphasized that once FIRs are filed against the banks, they should not expect any government intervention or assistance. He made it clear that if banks continue to demand CIBIL scores from farmers, despite previous instructions to the contrary, necessary action would be taken to support the impoverished farmers.

The warning from the Deputy Chief Minister comes as a measure to safeguard the interests of farmers in Maharashtra. By discouraging the requirement of CIBIL scores for crop loans, the government aims to ensure that farmers have access to the financial support they need without unnecessary obstacles.