Maharashtra Banks Urged to Support Farmers: Fadnavis' Strong Stand
Maharashtra Chief Minister Devendra Fadnavis instructed banks to issue agricultural loans without requiring CIBIL scores to support farmers and boost the economy. During a significant meeting, he emphasized the role of banks in enhancing agricultural credit and called for a focus on farm loan distribution, highlighting Maharashtra's economic progress.
- Country:
- India
In a decisive move, Maharashtra Chief Minister Devendra Fadnavis has instructed banks to disburse agricultural loans without insisting on CIBIL scores. This directive, issued during the 167th State Level Bankers' Committee meeting, highlights the critical role of banks in supporting farmers and boosting the state's economy.
Fadnavis warned banks against demanding credit scores for farm loans, threatening action against non-compliant branches. He underscored the importance of agricultural credit, especially with promising rainfall forecasts. As part of efforts to drive growth, the state approved a credit plan worth Rs 44.76 lakh crore for 2025-26.
The Chief Minister also emphasized Maharashtra's leading economic status, stressing the pivotal role of agriculture and the necessity of bank cooperation in this sector. He urged banks to align priorities with government schemes, highlighting Maharashtra's advancement towards a one trillion-dollar economy.
(With inputs from agencies.)
- READ MORE ON:
- Fadnavis
- Maharashtra
- agricultural loans
- CIBIL score
- banks
- economy
- farmers
- credit
- investment
- growth
ALSO READ
ILO and Partners Train Iraqi Banks to Boost Green Microfinance and Sustainability
Unseasonal Rains Devastate Maharashtra's Farmers
Unwritten objectives of Pakistani deep state and Pakistani military are to thwart India’s economy, divide communities: Owaisi to PTI.
South Korea's Political Showdown: AI, Economy, and Future at Stake
Tripura's Dairy Industry Soars: Gomati Dairy's Expansion Boosts Economy
Google News