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Kolkata, Sept. 30

WITH a view to increasing agricultural lending, UBI has tied up with L&T John Deere and Eicher Tractors for financing tractors at its rural and semi-rural branches. It has already signed MoUs with these tractor manufacturers.

The bank also proposed to finance modern agricultural equipments such as power tillers, Mr Madhukar said.

For small farmers, especially those who have comparatively low credit requirement, the effective lending rate will be eight per cent.

Talks were ono with a few select consumer durable manufacturers.

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UBI signs pacts with tractor makers

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