Question
Which of the following bank has tied up with Mahindra
& Mahindra to offer loans for tractors and farm machinery?Solution
Farm Equipment Sector (FES), a part of Mahindra Group, has signed an MoU with the lender in this regard. J&K Bank will provide financing to prospective customers of Mahindra branded tractors and farm machinery via its branches in Srinagar, Jammu & Kashmir, Punjab, Himachal Pradesh, Leh and Ladakh. Access to credit is a major hindrance in allowing farmers to employ mechanisation solutions in their farmlands, said by Mahindra and Mahindra President (FES). Jammu & Kashmir Bank Headquarters: Srinagar Chairman: Baldev Prakash Mahindra & Mahindra Headquarters: Mumbai Chairman: Anand Mahindra
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