Financial Daily from THE HINDU group of publications
Thursday, Nov 24, 2005
Financial Daily from THE HINDU group of publications Thursday, Nov 24, 2005 |
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Money & Banking
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Farm credit BoB campaign on tractor advances Our Bureau
COIMBATORE: Bank of Baroda has launched a special campaign on tractor and minor irrigation facility advances. The three-month long campaign commenced on November 1. During the campaign, there are special concessions such as waiver of processing and documentation charges and a marginal reduction in the interest rate, said Mr N.M. Prabhu, Assistant Regional Manager, Tamil Nadu region. The interest rate during the offer period has been fixed at 9 per cent. The bank is targeting at 7,500 tractor loans and Rs 100 crore on minor irrigation investment. The region's target is 250 tractors and Rs 3 crore under minor irrigation activities, Mr Prabhu said.
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