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NT Bureau
Chennai, Feb 11:
 

Syndicate Bank general manager V Kalyani exchanging an MoU with Eicher Tractors retail head A K Garg in Chennai Yesterday. Also seen are Syndicate Bank DGM Kuruvilla George, senior manager A Rajasekaran and Eicher Tractors joint manager Karthik.

        Syndicate Bank has signed an agreement with Eicher Tractors for extending loan facility to farmers for purchase of tractors.

        The MoU was signed by Syndicate Bank general manager V Kalyani AND Eicher Tractors retail finance head A K Garg.

        As per the agreement, tractors will be financed by Syndicate Bank for the farmers who own 4 acre of irrigated land at the rate of 9.75 per cent.

        Farmers while purchase of tractors can avail a cash discount of Rs 4000 and six labour free services from Eicher Tractors.

        Also present were Syndicate Bank DGM Kuruvilla George, Senior manager A Rajasekaran and Eicher Tractors joint manager Karthik.