State Bank Of India claims that it is the leading name for financing agricultural needs in India, with a portfolio of over 245,000 billion crores of farm loans to over one million crop growers.
Mahindra & Mahindra agricultural division, the largest global tractor manufacturer, has partnered with the State Bank of India (SBI) to deliver hassle-free credit services for farming products and tractors around the nation.
The customers can go to the nearest Mahindra tractor dealer to easily access the financing options for buying Mahindra tractors or any other farming machines of this brand. Also, farmers can visit the nearest SBI branch to start the process of application.
Mr. Hemant Sikka, the President of Farm Equipment Sector, Mahindra & Mahindra, quoted, "Financing is crucial to ensuring that farmers are able to choose the right farm equipment for the smooth running of their operations, and at Mahindra, we are pleased to partner with SBI for the financing of Mahindra's wide range of tractors and farm machinery."
Moreover, Shantanu Pendsey, Agri Business Unit and Government Sponsored Schemes SBI - CGM, commented, "Technology plays a major role in increasing farmers' productivity, as well as incomes and we at SBI, aim to deliver the best financial solutions to farmers to buy the best farm equipment solutions available in the country. Our partnership with Mahindra will ensure sale of farm equipment through one of the widest networks of touchpoints across the country, bringing ease and convenience into the lives of farmers through a range of our tailor-made finance schemes."
The State Bank Of India claims it is the market leader for fulfilling the financing needs in farming, with a portfolio of over 245,000 billion crores of farm loans to over one million crop growers. Its large network of over 15,000 rural and semi-urban branches deliver hassle-free and suitable loans for buying the desired farming machines such as combine harvesters, tractors or implements.
Mahindra has seven production units in India and over 1,100 tractors and machinery dealers around the country. Additionally, Mahindra has assembly and manufacturing units all over the world in Brazil, North America, Japan, Turkey, Finland, and Mexico through subsidiaries