Bajaj Tempo, State Bank of Indore in strategic alliance

Mumbai: Bajaj Tempo, a leading manufacturer of tractors in India, and State Bank of Indore, a leading bank in the country, have tied up for promoting agricultural mechanisation in the country through the sale of tractors. An agreement was signed between H G Rindani, deputy general manager, State Bank of Indore and M M Gupta, deputy general manager, Bajaj Tempo, in Indore.

The bank, with this agreement, will offer special terms of finance to customers for the purchase of the Balwan range of tractors under a scheme called Indore Bank-Bajaj Tempo-Krishi Vikas Scheme. The bank, under the scheme, will finance the Balwan tractors, trailers and implements at attractive interest rates and terms.

This scheme will be available through 435 branches of State Bank of Indore all over the country and over 250 dealers of Bajaj Tempo. The scheme will promote buying of tractors and support agricultural mechanisation in the country.