-60.40 (-5.61%) State Bank of India (SBI) has signed an agreement with Escorts to finance farmers for purchase of Escorts tractors. The tie-up with Escorts is to promote, market and make accessible, organised finance facility, with superior features, at competitive interest rates to farmers across the country, who wish purchase Powertrac and Farmtrac tractors manufactured by Escorts.
As a result of the bank’s tie-up with Escorts, a large number of small and marginal farmers will have access to necessary finance for the purchase of heavy duty tractors. SBI has an extensive network that allows it to reach rural borrowers across the country.
State Bank of India (SBI) offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.