SBI signed MoU with Escorts for tractor financing

The State Bank of India (SBI) has recently signed an agreement with Escorts Ltd to finance farmers for purchase of Escorts tractors. The aim of 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 to purchase Powertrac and Farmtrac tractors manufactured by Escorts. Escorts is a leading tractor and construction equipment manufacturer at Faridabad in Haryana.