📷 Image: Wikimedia Commons / MarcelX42
Agriculture
VST Tillers partners with Union Bank to launch farm equipment loan scheme
✍️ Tractor Junction
🗓 05 Sep 2026, 02:18 PM
👁 6
VST Tillers and Union Bank have announced a collaboration to provide loans for farm machinery, aiming to ease credit access for Indian farmers.
VST Tillers, a leading manufacturer of agricultural tractors and implements, has entered into a partnership with Union Bank to offer dedicated loan products for farm equipment. The collaboration is intended to streamline financing for farmers seeking to purchase or upgrade machinery.
Under the agreement, Union Bank will extend credit facilities tailored to the needs of the agricultural sector, while VST Tillers will promote the loan options through its dealer network. Both parties said the initiative aims to address the persistent credit gap faced by small and marginal farmers.
Industry observers expect the scheme to boost equipment adoption, improve farm productivity and support the broader goal of modernising Indian agriculture. The partnership reflects a growing trend of financial institutions teaming up with agri‑machinery firms to create specialised financing solutions.
Under the agreement, Union Bank will extend credit facilities tailored to the needs of the agricultural sector, while VST Tillers will promote the loan options through its dealer network. Both parties said the initiative aims to address the persistent credit gap faced by small and marginal farmers.
Industry observers expect the scheme to boost equipment adoption, improve farm productivity and support the broader goal of modernising Indian agriculture. The partnership reflects a growing trend of financial institutions teaming up with agri‑machinery firms to create specialised financing solutions.