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
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.
“This is a serious issue. If banks ask for a CIBIL score from farmers while processing agriculture loans, the respective financial institution will face stern action,” the CM warned.
Fadnavis mentioned that a target has been set for agriculture loans to be given by banks. “In order to meet these targets, nationalised banks should make special efforts to increase the agriculture loan disbursement and meet the set goals,” the CM added.
During the meeting, a credit plan of Rs 44.76 lakh crore for Maharashtra for the financial year 2025-26 was also approved.
Beside the agriculture sector, Fadnavis urged the committee members to focus on startups, especially after Maharashtra secured FDI (Foreign Direct Investment) worth R16 lakh crore during the recent Davos visit.
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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