Fadnavis slams SLBC for not taking action against those seeking CIBIL score from farmers

Don’t demand credit score for farm loans, Maharashtra CM Devendra Fadnavis tells banks

‘If credit is not provided to farmers, it has repercussions on the economy and it leads to farmers’ suicides,’ said the chief minister.

Fadnavis slams SLBC for not taking action against those seeking CIBIL score from farmers

Urging the SLBC to take action against all those bank branches that continue to seek CIBIL scores from the farmers, the Chief Minister said that the practice continues in the State despite previous FIRs in the matter

Cibil Score: What It Is & How Banks Use It for Loan Approval - Newsstore24

Credit scores, often known as CIBIL scores, are associated with credit cards and loans. You’ve probably heard of the CIBIL score if you’ve ever applied for a loan or used a credit card. We will study the CIBIL score, often known as the credit score, today. In addition, we will examine the extent to which a higher CIBIL score is favorable for a loan. Does a person make timely payments on his credit bill? Does he also make his loan EMI payments on…

Mumbai – Do not make CIBIL score a condition while disbursing loans to farmers in the state, otherwise strict action will be taken, Chief Minister Devendra Fadnavis warned at the state-level bankers' committee meeting on Monday. The loan allocation plan of Rs 44.76 lakh crore for 2025-26 was approved in this meeting. Fadnavis said, “Despite repeated warnings not to ask for CIBIL score, some banks still impose this condition. Strict steps will ha…