Special One Time Settlement Offer for Farmers Struggling with Tractor Loan

The State Bank of India (SBI), Chennai Circle, has given special settlement to farmers who had failed to repay their farm mechanisation and tractor loans through a special one-time settlement offer.

SBI Chief General Manager, B. Ramesh Babu said that the Special SBI OTS for Tractor and Farm Mechanisation Loans 2015-16 gives the farmer a real opportunity to exit the defaulting account without any hassle.

Mr. Ramesh Babu had visited Thethuvasalpatti near Kumbakonam, which had several tractor loan borrowers, and sensitised them to the advantages of the OTS and called upon them to utilise the scheme.