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Our Bureau

Mumbai , Sept. 13

State Bank of India has tied up with Mahindra & Mahindra Ltd to provide finance to the company's tractor dealers. Under the agreement, SBI will offer loans to the dealers at concessional terms.

The loan scheme is subject to State Bank of India's credit norms. Mr P.C. Vaidya - Senior Vice-President, Finance & Accounts of Farm equipment Sector, M&M said, "This tie-up of providing finance to our dealers is another vital link to the value chain from `factory to farm' and will add fillip to the relationship with SBI."

Mahindra Finance is also providing finance to tractor buyers in the rural market.

More Stories on : Alliances & Joint Ventures | Credit Market | HCV/LCV/Tractors | Mahindra & Mahindra Ltd | State Bank of India

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