<p>CIBIL score: The government is implementing self-employment schemes to boost the rural economy. However, Minister T.M. Anbarasan has instructed banks not to reject applications for reasons like a low CIBIL score.</p><img><p>The TN government is implementing business investment and loan schemes for entrepreneurs. It has urged banks to prioritize rural self-employment projects to boost the local economy.</p><img><p>Minister T.M. Anbarasan highlighted the PMFME scheme, which helps create value-added food products. It aims to boost the rural economy and create jobs for the youth.</p><img><p>TN leads in this scheme’s implementation. The Kalaignar Handicrafts scheme has also provided loans to 4,950 artisans. But loan disbursal has slowed down in the last 6 months.</p><img><p>Banks must promptly issue loans alongside government subsidies. First-time borrowers don’t need a CIBIL score, as per Union Govt rules. Even with a low score, consider it.</p><img><p>Consult with the District Industries Centre before rejecting applications. Banks should be flexible with rules to help women and boost the rural economy with quick loans.</p>
