Indian Bank Joins Hand with Escorts Kubota to Uplift Tractor Financing

Indian Bank, funded in 1907 and operating in India and overseas, has joined hands with Escorts Kubota Limited, a leading agricultural and construction equipment manufacturer.

This company has over 80 years of experience and manufactures its products under the brand names Farmtrac, Powertrac, and Kubota. This partnership will provide easy tractor financing solutions for dealers and farmers.

This financing will cover all the tractors by the company, Escorts Kubota Limited and farmers can apply for loans through Indian Bank’s digital platform or visit one of its 5,800+ branches operating in India. Escorts Kubota Limited dealers will benefit from supply chain financing, reducing inventory costs and improving operations. This initiative aims to make it easier for both dealers and farmers, for dealers to grow their businesses and for farmers to access the necessary tractors.

On this occasion, the Executive Director of Indian Bank, Ashutosh Choudhury, expressed this collaboration with Escorts Kubota Limited will help us provide easy financing to farmers and dealers. Our tractor financing services will improve access to credit and promote rural growth.

The Whole-time Director and CFO of Escorts Kubota Limited, Bharat Madan, said his partnership will give farmers better access to affordable financing and support the growth of the agricultural value chain. 

This collaboration is significant as it supports financial inclusion and uplifts India’s rural economy by providing essential financing services to farmers and dealers. This will enhance the customer relationship of the Indian bank in rural India and help Escorts Kubota Limited improve its services. The collab also offers supply chain finance, which allows Escorts Kubota Limited dealers to manage their working capital and reduce inventory costs.