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Bank of Baroda pact with M&M

CHENNAI: Bank of Baroda has tied up with Mahindra and Mahindra for tractor financing to farmers. Under the memorandum of understanding, Mahindra and Mahindra has offered a special discount of Rs. 3,000 to the farmers who buy tractor from the company with financial assistance from Bank of Baroda. The bank is aiming to give thrust to farm mechanism activity by providing loans up to Rs. 10 lakhs at 9.25 per cent interest annually with a down payment of 10 per cent. — Our Bureau

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