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Hyderabad, June 19 (UNI) Mahindra and Mahindra Ltd has tied up with Mahindra Finance to provide on-the-spot tractor loans to farmers through its dealerships across eight states.

The 'On-the-spot Loan Mahotsav', which started on June seven, will be held across Andhra Pradesh, Tamil Nadu, Karnataka, Maharashtra, Punjab, Haryana, Gujarat and Rajasthan till July eight.

In a statement, Mahindra and Mahindra Ltd President (Farm Equipment Sector) Anjanikumar Choudhari said, ''The on-the-spot tractor loan scheme is an opportunity for our valued customers to purchase Mahindra Tractors at attractive rates in a tough market.

''At Mahindra, we are committed to increasing rural prosperity and this initiative is part of this endeavour. Our innovative methods of reaching out to customers have, in fact, enabled us to consolidate our position as the market leader for the last 25 years.'' ''Quick processing of documentation and single-window clearance will allow farmers across the country to purchase tractors with minimum time delay.

''Moreover, Mahindra Finance's vast rural network will ensure that even customers in the farthest reaches of the country can avail of this scheme,'' Mahindra Finance Managing Director Ramesh Iyer claimed.

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