New Delhi, May 20 -- When a borrower approaches a bank or NBFC for a loan, the bank invariably asks for the credit score. A credit score is a three-digit score given by a credit bureau which indicates a borrower's creditworthiness i.e., whether the person is likely to repay the loan.

This is, apparently, an urban concept where borrowers are either salaried or self-employed whereas in rural areas where farmers apply for loans - the same rule ofcredit score does not apply. This is what came to light in a recently concluded bankers committee meeting which concluded on Monday.

The meeting was chaired by Maharashtra Chief MinisterDevendra Fadnavis, where a loan disbursement plan worth Rs.44.76 lakh crore for the financial year 2025-26 was ap...