Bank of Baroda having sound base in rural lending and
good branch net work of 1718 branches in rural and semi
urban areas, has made tie up arrangements with major
tractor manufacturing companies as one of the strategies
to give thrust to agriculture lending.
of Baroda has earlier signed MOU with five major manufacturing
companies. Now Bank of Baroda has made tie up for tractor
financing to farmers with Mahindra Gujarat Tractor Ltd
by signing MOU with the Company.
these MOUs, Mahindra Gujarat Tractor Ltd has offered
a special discount of Rs.6,000/-, door to door after
sale services and 5 labour free services during the
warranty period and also 10% concessions on the cost
of spare parts for the period of two years from the
date of sale.
is aiming to give thrust to farm mechanisation activity
the Bank is providing loans up to Rs.10 lac at very
competitive interest rate of 9.25 per cent p.a. with
down payment of only 10 per cent