Rs 44.76 Lakh Crore Financial Plan Approved for 2025–26: CM Fadnavis Pushes for Agricultural Reforms at SLBC Meeting

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Devendra Fadnavis presenting Maharashtra Budget 2026 announcing metro and coastal road projects

Mumbai: Chief Minister Devendra Fadnavis on Monday chaired the 167th meeting of the State Level Bankers’ Committee (SLBC) – Maharashtra at Sahyadri Guest House, Mumbai, where a massive ₹44.76 lakh crore financial plan for FY 2025–26 was approved.

Highlighting agriculture as the backbone of Maharashtra’s economy, CM Fadnavis emphasised the urgent need to treat agriculture as a business and called on nationalised banks to increase agricultural lending and meet their annual targets. He warned that banks violating RBI norms by demanding CIBIL scores from farmers would face strict action, including FIRs, some of which have already been registered.

“Banks must stop asking farmers for CIBIL scores. It delays disbursals, intensifies the crisis, and even leads to farmer suicides. RBI has already issued instructions,” CM Fadnavis stated.

The Chief Minister also stressed the importance of ensuring inclusive and holistic development, especially in underdeveloped regions like Gadchiroli, which is seeing industrial activity pick up. He urged banks to align their priorities with the State Government’s developmental roadmap.

He announced that the government will invest at least ₹5,000 crore every year in the agriculture sector, which, aided by good monsoons, will bring prosperity not only to farmers but also to banks through increased economic activity.

Farmer Producer Organisations (FPOs) were cited as key to agricultural transformation. CM Fadnavis also stated that performers in farmer welfare schemes will be recognised and rewarded, while underperforming banks and departments will be held accountable and flagged in future reviews.

The meeting was attended by Deputy Chief Minister Eknath Shinde, SLBC chairman and members, secretaries of key departments, senior officials, and representatives from various nationalised and private sector banks.

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