VST Tillers Tractors Joins Hands with Union Bank to Simplify Tractor Financing for Farmers
Partnership to facilitate affordable financing for VST’s range of tractors and farm mechanisation products through its 1,000+ dealer network across India
Bengaluru, India | Sept 02: VST Tillers Tractors Limited (VTTL), a leading manufacturer of compact tractors and farm mechanisation solutions, 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 Tractors’ 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.
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 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. This partnership reflects Union Bank of India’s commitment to supporting the agricultural sector and contributing to the financial empowerment of the farming community.”
On VST’s partnership with Union Bank of India, 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.