Mahindra Partners with SBI for Farm Machinery and Tractor Finance

State Bank of India says it is the market leader in agricultural finance in India, with a portfolio of more than 245,000 billion crores of farm loans to more than one million farmers.

The agricultural equipment division of Mahindra & Mahindra', the world's largest tractor manufacturer, has partnered with the State Bank of India (SBI) to offer easy credit options for its tractors and agricultural equipment products across India.

Customers can visit their nearest Mahindra Tractor dealer to avail financing options for the company's tractors and farm machinery or visit their nearest SBI branch to initiate the application process.

Farm Equipment Sector, Mahindra & Mahindra President Hemant Sikka said, "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."

Agri Business Unit and Government Sponsored Schemes SBI - CGM, Shantanu Pendsey, commented on this, "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."

State Bank of India says it is the market leader in farm finance in India, with a portfolio of more than 245,000 billion crores of farm loans to more than one million farmers. Its extensive network of more than 15,000 rural and semi-urban branches offers stress-free and appropriate loans for purchasing farm machinery such as tractors, combines, tillage equipment and other agricultural machinery.

Mahindra has seven manufacturing centres in India and more than 1,100 tractor and agricultural machinery dealers nationwide. In addition, Mahindra has manufacturing and assembly operations worldwide in North America, Brazil, Mexico, Finland, Turkey and Japan through subsidiaries.

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