Financial Daily from THE HINDU group of publications
Thursday, Dec 18, 2003
Financial Daily from THE HINDU group of publications Thursday, Dec 18, 2003 |
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Agri-Biz & Commodities
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Farm credit Corporate - Alliances & Joint Ventures L&T John Deere ties up with SBH for tractor financing Our Bureau
Hyderabad , Dec. 17 L&T John Deere Pvt Ltd, a joint venture between L&T and the US-based agricultural farm equipment maker, John Deere & Company, has entered into an alliance with State Bank of Hyderabad (SBH) on an exclusive basis for tractor financing. Speaking to newspersons on Wednesday, Mr J.P. Banerjee, Chief Marketing Executive, L&T John Deere, said that the alliance would help the deserving farmers opt for mechanisation and improve productivity and profitability. He emphasised the urgent need for an expeditious and judicious credit delivery system for rural customers to purchase farm machinery at an affordable rate of interest, in a reasonable tenure of repayment and on easy terms.
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