M & M Ties Up With Vysya For Tractor Finance

Mahindra & Mahindra (M&M) has tied up with Vysya Bank for financing tractor purchases in south India.

Vysya Bank president V Raghunathan said that the alliance with M&M will enable the bank to disburse sizeable amounts to the farming sector and help increase the priority sector component of its loan book. The bank has set a target of Rs 50 crore in 2002-03 for financing tractors.

M&M