VST Tillers Tractors Limited (VTTL) has signed a Memorandum of Understanding (MoU) with Union Bank of India to facilitate retail finance for customers purchasing VST’s range of agricultural and farm equipment, including tractors, power tillers, power reapers, and power weeders.
The financing facility will be available through VST’s network of over 1,000 dealers across India, enabling farmers to access credit closer to their communities and invest in modern farm mechanisation.
Mr. Antony Cherukara, CEO, VST Tillers Tractors Ltd., said, “At VST Tillers Tractors, we believe that access to affordable financing is an important enabler of farm mechanisation. Our partnership with Union Bank of India will make it easier for farmers to access financing for our range of tractors and farm equipment through our extensive dealer network. This initiative reinforces our promise to empowering the farming community with accessible, efficient and technology-driven mechanisation solutions.”
Dr. HT Vasappa, GM, Union Bank of India, said, “We are pleased to partner with VST Tillers Tractors to facilitate convenient and affordable retail finance for farmers. This partnership reflects Union Bank of India’s commitment to supporting the agricultural sector and contributing to the financial empowerment of the farming community.”
The partnership is expected to strengthen access to mechanisation solutions for farmers, helping them adopt modern agricultural equipment while managing their investment through accessible financing options.
