Mahindra Tractors joins forces with Punjab National Bank to offer exclusive financing options for its dealers

Mahindra Tractors, a part of Mahindra & Mahindra Ltd, has partnered with Punjab National Bank (PNB) to provide channel finance solutions to its dealers. The partnership aims to improve working capital management and drive efficiency for the dealers. Under the program, all Mahindra Tractors’ dealers with a business vintage of over one year are eligible for a channel finance limit of up to Rs 5 crore. The limit is based on 105 days of sales, and dealers will benefit from a 105-day credit period with an additional 15-day grace period. The program also offers 100% funding of the Mahindra & Mahindra invoice without any margin requirements. The partnership aims to support the growth of MSME and agriculture businesses. According to Mahindra & Mahindra Ltd’s President, Farm Equipment Sector, the initiative will help dealers better serve the farming community. The PNB Chief General Manager and Zonal Head, Mumbai Zone, highlights the bank’s commitment to supporting business growth through customized financial solutions.