VST Tillers Tractors partners Union Bank of India to facilitate finance to farmers
Union Bank of India to facilitate retail loan facilities for customers purchasing VST Tillers’ products, including tractors, power tillers, power reapers and power weeders
- ✓Union Bank of India to facilitate retail loan facilities for customers purchasing VST Tillers’ products, including tractors, power tillers, power reapers and power weeders
- ✓Primary Authority: Official communique verified from The Hindu BusinessLine Economy.
- ✓Civic Domain: Categorized under business public notices.
Farm equipment maker 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.
Under the MoU, Union Bank of India will facilitate retail loan facilities for customers purchasing VST Tillers’ products, including tractors, power tillers, power reapers and power weeders.
The initiative is aimed at making farm mechanisation more accessible to the farming community by providing affordable and convenient financing options.
The financing facility will be available through VST’s extensive network of over 1,000 dealers across India, enabling farmers and customers to access financing closer to their communities and support the purchase of suitable farm equipment.
H T 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 and customers looking to invest in agricultural mechanisation. Through this collaboration, we aim to strengthen access to credit and enable farmers to acquire modern farm equipment through VST’s wide dealer network”
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 that can support greater productivity and sustainable growth.”
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.
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| Issuing Authority | The Hindu BusinessLine Economy |
|---|---|
| Topic Category | BUSINESS |
| Jurisdiction | All India / National |
| Publication Date | 2 September 2026 |