Letter to BS: Regular CIBIL melas can reduce number of wilful defaulters

It is important to educate borrowers about the benefits of repayment of loans

This refers to your front page report “RBI blames banks for Mudra NPAs” (July 22). It is important to note that a majority of those who took Mudra loans were first-time borrowers. It could also be their first tryst with a small business venture. In most cases, it was their first port of call. Keeping these things in mind, it is vital to educate them about the benefits of repayments of loans. A get-together at the district, taluka or village level in the bank premises to make them aware of the importance of CIBIL and the duties of a responsible