VST Tillers and Union Bank Join Hands to Offer Farm Equipment Loans

VST Tillers Tractors Limited (VTTL) has signed a Memorandum of Understanding (MoU) with Union Bank of India to provide retail finance to customers buying VST’s agricultural and farm equipment. The partnership will help farmers get loans to purchase tractors and other farm machines through VST’s dealer network.

Under the agreement, Union Bank of India will offer retail loan facilities to customers purchasing VST products. The equipment covered under the partnership includes tractors, power tillers, power reapers and power weeders. The financing facility will help farmers get the funds needed to buy farm equipment and support the use of mechanised farming tools.

Finance Through 1,000+ VST Dealers

Farmers will be able to access the financing facility through VST’s network of more than 1,000 dealers across India. This will allow customers to apply for finance closer to their communities when purchasing VST farm equipment. The partnership aims to make it easier for farmers to access credit while buying machines for different farming needs.

What VST and Union Bank Said About the Partnership 

Antony Cherukara, CEO, VST Tillers Tractors Ltd., said that access to finance plays an important role in helping farmers adopt farm mechanisation. He said the partnership with Union Bank will make it easier for farmers to get finance for VST tractors and farm equipment through the company’s wide dealer network.

Dr. HT Vasappa, GM, Union Bank of India, said the bank is pleased to partner with VST Tillers Tractors to provide convenient retail finance to farmers and customers buying agricultural equipment. He added that the partnership will help improve access to credit and support farmers in purchasing modern farm equipment.

How the Partnership Can Help Farmers

The partnership is expected to improve farmers’ access to farm mechanisation equipment by combining VST’s dealer network with Union Bank’s financing services. It will give farmers more options to manage the cost of purchasing tractors, power tillers, power reapers and power weeders.

VST Tillers Tractors is a manufacturer of compact tractors and farm mechanisation equipment. Through this partnership, the company and Union Bank aim to support farmers looking to invest in agricultural

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