Escorts Ltd. has partnered with IndusInd Bank to provide farmers with attractive financial solutions for its range of tractors and farm equipment in these challenging times. By offering loans seamlessly, IndusInd Bank will make financial assistance to farmers much easier.
The partnership was signed between Shenu Agarwal, CEO of Escorts Agri Machinery, and Shiban Kaul, Head of Tractors & Farm Equipment Loans at IndusInd Bank. Along with this, Escorts aims to offer farmers a hassle-free, transparent, and quick mechanism to purchase tractors.
The deep understanding of rural markets and the widespread penetration of IndusInd Bank will enable Escorts Limited to provide better access to innovative financial solutions, fostering farmers’ dreams.
At this event, Shenu Agarwal, CEO, Escorts Agri Machinery noted that “there is steady growth in the rural sector and the farmer is shifting to technologically advanced farming practices. Our role is to offer him the right products and make the process as simple as possible.”
S.V. Parthasarathy, Head- Consumer Finance, IndusInd Bank, said, “Our association with Escorts Limited will provide transparency, seamlessness, and convenience to support farmers in nourishment of the nation.”
About Escorts Limited:
- This is an Indian multinational conglomerate and automotive engineering company that specializes in agri-machinery, construction machinery, material handling, and railway equipment.
- More than 40 countries have marketing operations for the company, which was founded in 1944. Escorts manufactures tractors, automotive components, railroad equipment, construction equipment, and material handling equipment.
About IndusInd Bank:
The IndusInd Bank, which began operations in 1994, serves both consumers as well as businesses. Multi-channel delivery capabilities are built into the technology platform. As of June 30, 2021, IndusInd Bank operated 2,015 branches/banking outlets and 2,870 ATMs in 760 locations throughout the country. Additionally, the Bank has representative offices in London, Dubai, and Abu Dhabi.
Technology drives the Bank’s business. The bank has clearing bank status for both major stock exchanges – BSE and NSE – and commodity exchanges in the country, including MCX, NCDEX, and NMCE. IndusInd Bank was added to the NIFTY 50 benchmark index on April 1, 2013.