Financial Daily from THE HINDU group of publications
Thursday, Jan 01, 2004
Financial Daily from THE HINDU group of publications Thursday, Jan 01, 2004 |
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Money & Banking
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Farm credit Tractor finance scheme for farmers Our Bureau
Bangalore , Dec. 31 L&T-John Deere Pvt Ltd (LTJD) and State Bank of Mysore (SBM) have signed an MoU for tractor financing for farmers. LTJD's Chief Marketing Executive Mr J.P. Banerjee and SBM's General Manager Mr Ramaiah signed the MoU. Those who opt for the tractor financing scheme need to pay 10 per cent of invoice as margin money and will get the funding at 10.5 interest rate. The repayment term is between seven years and nine years. They will get free insurance cover for tractors for the first year, special discount on spare parts, door-to-door service and accessories for Rs 3,000.
More Stories on : Farm credit | HCV/LCV/Tractors
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