Enter your city for weather info

Invalid City Name

rain icon
Temperature 22°C
Status Clear
City New York
4-Day Forecast
Humidity icon



wind icon

15 km/h

Wind Speed

Please Enter OTP For Tractor Price कृपया ट्रैक्टर की कीमत के लिए ओटीपी दर्ज करें
Enquiry icon
Enquiry Form

VST Tillers Tractors Ltd. and Axis Bank Join Hands to Empower Indian Farmers with Hassle-Free Financial Solutions

VST Tillers Tractors Ltd. and Axis Bank Join Hands to Empower Indian Farmers with Hassle-Free Financial Solutions

    VST Tillers Tractors Ltd. and Axis Bank Join Hands to Empower Indian Farmers with Hassle-Free Financial Solutions

21 May, 2024

Bengaluru, 21 May 2024: VST Tillers Tractors Limited (VST), India’s leading farm equipment manufacturer, signed a Memorandum of Understanding (MOU) with Axis Bank, one of the leading private sector banks in India, to offer financial solutions to the farmers for purchasing tractors and Farm Mechanisation products. As per the agreement, Axis Bank will provide financial solutions to VST’s prospective customers through its extensive network of 5370+ branches spread across geography.

The MOU was signed by Mr. Antony Cherukara, CEO of VST Tillers Tractors Ltd and Mr. Rajesh Dhage, Business Head of Farm Mechanization, Axis Bank, in the gracious presence of Mr Ramasawmy Gopalakrishnan, Head - Retail Assets for Bharat Banking, Axis Bank, and Mr. V T Ravindra, Managing Director of VST Tillers Tractors Ltd.

As per the MOU both the companies will leverage its extensive footprint to reach out to the farmers community to ensure that they have an easy access to credit facility for adapting farm mechanization. This partnership will enable farmers to avail hassle-free, affordable, and flexible credit facilities to transform the agricultural sector. The Bank will offer flexible repayment options, swift sanctions, and special benefits on EMI options to encourage the farmers to opt for adapting farm mechanization. 

Speaking on the occasion of signing the MOU, Mr Antony Cherukara, CEO, of VST Tillers Tractors Ltd. said “We are delighted to partner with one of the leading Banks in the country and make our innovative farm equipment more accessible and affordable to farmers. Our partnership is aligned with our joint goal of enabling farmers in rural India to mechanize farming and thereby increase productivity. At VST, it is our constant endeavour to facilitate ease of farming, by bringing down the overall time and cost of farming and improving output and farm income. We are sure that this MoU will especially help small and marginal farmers in availing hassle-free credit facilities for buying our products.”

Mr. Munish Sharda, Executive Director, and Head – Bharat Banking, Axis Bank, said, “It has been our constant endeavour to engage and empower rural communities and marginal farmers by providing them with the most suitable financial solutions. By partnering with VST Tillers Tractors Ltd, we have combined forces to address various financial challenges faced by these communities, while encouraging them to adopt effective farming techniques. As we strengthen our alliance with numerous partners and pioneers from rural India, we are confident of making a positive and meaningful impact in the lives of millions of farmers across the nation.”

Both organizations share a common vision of empowering farmer community by providing hassle-free solutions and encouraging entrepreneurship in the agricultural sector. Axis Bank will offer easy finance options, with minimal documentation, to encourage farmers to adopt innovative techniques for enhancing their productivity and thereby, increase their income. This collaboration is an important step towards supporting and empowering the agricultural sector.

About VST Tillers Tractors Ltd.

Established in 1967 by the VST Group of companies, VST Tillers Tractors Ltd has been at the forefront of driving farm mechanization and empowering Indian farmers for over 55 years. With a strong focus on research and development, the company offers a wide range of products including power tillers, compact tractors, engines, transmissions, power reapers, and precision components. VST Tractors are not only dominant in the Indian market but also exported to European, Asian, and African markets, meeting the latest EU standards.
For more information, please visit: www.vsttractors.com

About Axis Bank

Axis Bank is one of the largest private sector banks in India. Axis Bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture, and Retail Businesses. With its 5,377 domestic branches (including extension counters) and 16,026 ATMs across the country as on 31st March, 2024. The network of Axis Bank spreads across 2,963 centres, enabling the Bank to reach out to a large cross-section of customers with an array of products and services. The Axis Group includes Axis Mutual Fund, Axis Securities Ltd., Axis Finance, Axis Trustee, Axis Capital, A.TReDS Ltd., Freecharge, Axis Pension Fund and Axis Bank Foundation. 
For further information on Axis Bank, please refer to the website: https://www.axisbank.com

https://images.tractorgyan.com/uploads/113075/663df951e0c67-vst-tillers-tractors-fy-24-sales.jpg VST Tillers Tractors Ltd Achieves Highest Ever Net Profit, Cross Rs. 120 Cr Milestone for FY'24
VST Tillers Tractors Limited (VST), India’s leading farm equipment manufacturer, today announced their annual financial results for year ended March 3...
https://images.tractorgyan.com/uploads/113129/6644650bf1362-escorts-kubota-invest-rs-4500-cr-in-setting-up-new plant.jpg Escorts Kubota to Invest Rs. 4,500 Crore in Setting Up Greenfield Plant
Escorts Kubota, a leading farm equipment manufacturer, is set to invest Rs 4500 crore over 3-4 years in a new greenfield plant in Rajasthan. This will...
https://images.tractorgyan.com/uploads/113141/6645c3847695d-after-rabi-crop-sow-these-crops-in-may-june.jpg मई जून में इन 6 फसलों की खेती कर देगी आपको माला माल!
रबी की फसल कटने के बाद खेतों को खाली छोड़ना नुकसानदायक है। इस समय का सदुपयोग करके आप तिल, तरबूज, खरबूजा, धनिया और बेबी कॉर्न जैसी फसलों की खेती कर अच्...

Top searching blogs about Tractors and Agriculture

Top 10 Tractor brands in india To 10 Agro Based Indutries in India
Rabi Crops and Zaid Crops seasons in India Commercial Farming
DBT agriculture Traditional and Modern Farming
Top 9 mileage tractor in India Top 5 tractor tyres brands
Top 11 agriculture states in India top 13 powerful tractors in india
Tractor Subsidy in India Top 10 tractors under 5 Lakhs
Top 12 agriculture tools in India 40 Hp-50 Hp Tractors in India

review Write Comment About Blog.

Enter your review about the blog through the form below.

Customer Reviews

Record Not Found

Popular Posts

https://images.tractorgyan.com/uploads/113823/6692222f0f3c2-vst-zetor-introduced-tractors-in gujarat.jpg

VST Zetor Introduced Tractors in Gujarat

12 July 2024: VST Zetor range of tractors, jointly developed by VST Tillers Tractors Ltd and HT...


Mahindra vs Sonalika: The New Battleground in Global Tractor Markets

Mahindra Tractors is the world’s largest tractor manufacturer and the top tractor-selling bran...


जून 2024 में हार्वेस्टर रिटेल बिक्री: जानिए ब्रांड प्रदर्शन और मासिक वृद्धि के बारे में

ट्रैक्टर के अलावा, हार्वेस्टर भारत में बड़ी मात्रा में बिकने वाला कृषि उपकरण है। आज हम आपके लिए...

Select Language

tractorgyan offeringsTractorGyan Offerings