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CHENNAI: Vijaya Bank has signed an agreement with Tractors and Farm Equipment (TAFE), a part of the Chennai-based Amalgamations Group, to enable farmers to buy tractors on softer terms.

According to a Vijaya Bank press release, the bank will finance farmers with a minimum holding of four acres of land. Earlier, the landholding requirement was eight acres for financing the purchase of tractors. Farmers used to get a discount of Rs 3,000 from the manufacturers/authorised dealers.

(This article was published in the Business Line print edition dated January 27, 2005)
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