The country's leading tractor and agricultural equipment manufacturing company, ACE Construction Equipment Limited (ACE Tractors), and Prathama U.P. Gramin Bank have signed an important Memorandum of Understanding (MOU) on January 07, 2025 in Moradabad, Uttar Pradesh.
Under this agreement, Prathama U.P. Gramin Bank will provide financial assistance for the purchase of ACE Tractors. The aim of this initiative is to strengthen the agricultural sector in the rural areas of Uttar Pradesh and enhance farmers' productivity.
On the occasion, Ravinder Singh Khaneja, Chief General Manager of ACE Tractors, said, "We are very excited to enter into this partnership with Prathama U.P. Gramin Bank. We aim to provide farmers with advanced tractors and agricultural equipment while fulfilling their financial needs. All ACE tractors are designed with three key principles in mind:
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Fuel efficiency,
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High torque, and
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Low maintenance costs.
This will improve the efficiency of farmers' work and increase their profitability. This agreement is a significant step towards empowering rural communities."
The Managing Director of Prathama U.P. Gramin Bank stated, "This collaboration will help us provide affordable financial assistance to our customers. We are committed to working with ACE Tractors to empower farmers and rural communities. This partnership will pave the way for new developments in the field of agriculture and rural growth."
