In an effort to make its range of tractors and farm equipment more accessible in these challenging times, Escorts Ltd. has partnered with IndusInd Bank to provide attractive financial solutions to farmers. IndusInd Bank will offer farmers easy access to financial assistance in the form of loans in a seamless manner.
The partnership was signed between Shenu Agarwal, CEO, Escorts Agri Machinery, and Shiban Kaul, Head- Tractors & Farm Equipment Loans, IndusInd Bank. Along with this, Escorts aims to offer farmers a hassle-free, transparent, and quick mechanism to purchase tractors.
With its deep understanding of the rural markets and wider penetration, IndusInd Bank will bring forth better accessibility to innovative financial solutions, which in turn will help Escorts Limited attain its larger goal of fostering the dreams of farmers.
On this occasion, Shenu Agarwal, CEO, Escorts Agri Machinery said, “The rural industry is growing at a good pace and we are seeing our farmer shifting towards technologically advanced agricultural practices. Our role here is to provide him with the best of products and make the process of purchase as simple as possible.”
S.V. Parthasarathy, Head- Consumer Finance, IndusInd Bank said, “We are proud and excited to partner with Escorts Limited. With this partnership, farmers will have easy access to loans at attractive interest rates. Our association will bring transparency, seamlessness and convenience to support the farmers in their endeavour to nourish the nation.”
About Escorts Limited:
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It is an Indian multinational conglomerate and automotive engineering company that operates in the sectors of agri-machinery, construction machinery, material handling, and railway equipment.
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The company was launched in 1944 and has marketing operations in more than 40 countries. Escorts manufactures tractors, automotive components, railway equipment, and construction and material handling equipment.
About IndusInd Bank:
IndusInd Bank, which commenced operations in 1994, caters to the needs of both consumer and corporate customers. Its technology platform supports multi-channel delivery capabilities. As of June 30, 2021, IndusInd Bank has Branches of 2,015/ Banking Outlet and 2,870 ATMs spread across 760 geographical locations of the country. The Bank also has representative offices in London, Dubai and Abu Dhabi.
The Bank believes in driving its business through technology. It enjoys clearing bank status for both major stock exchanges - BSE and NSE - and major commodity exchanges in the country, including MCX, NCDEX, and NMCE. IndusInd Bank was included in the NIFTY 50 benchmark index on April 1, 2013.
