VST Tillers and Union Bank Join Hands to Offer Easy Loans for Farm Equipment

Key Highlights

• VST Tillers signs MoU with Union Bank.

• Loans available for multiple farm machines.

• Covers tractors, tillers, reapers and weeders.

• Finance access through 1,000+ VST dealers.

• Partnership supports farm mechanisation.

VST Tillers Tractors Limited (VTTL) has signed a Memorandum of Understanding (MoU) with Union Bank of India to provide retail finance facilities to customers purchasing VST agricultural and farm mechanisation equipment.

The partnership is aimed at making it easier for farmers to access loans for buying tractors and other essential farm machines. By combining VST’s wide dealer network with Union Bank of India’s financing services, the initiative is expected to improve access to modern farm equipment across India.

Also Read: VST Records 3,720 Units Sales in August 2026; Overall Sales Decline 17.3%

Loans Available for Multiple VST Farm Machines

Under the agreement, Union Bank of India will provide retail loan facilities for customers purchasing selected VST products. The financing facility will cover:

• VST Tractors

• Power Tillers

• Power Reapers

• Power Weeders

The partnership will help farmers arrange funds for purchasing farm machinery and support the wider adoption of mechanised farming tools.

Finance Access Through More Than 1,000 Dealers

Farmers will be able to access the financing facility through VST Tillers Tractors' network of more than 1,000 dealers across India.

This dealer-based financing approach is expected to make the loan process more convenient, allowing customers to explore finance options closer to their communities while purchasing VST agricultural equipment. Farmers will also have more flexibility in managing the cost of investing in tractors and other mechanised farming machines.

What VST Tillers and Union Bank Said

Antony Cherukara, CEO of VST Tillers Tractors Ltd., said that access to finance plays an important role in helping farmers adopt farm mechanisation. He stated that the partnership with Union Bank of India will make financing more accessible for farmers purchasing VST tractors and other farm equipment through the company's wide dealer network.

Dr. HT Vasappa, GM, Union Bank of India, said the bank is pleased to partner with VST Tillers Tractors to provide convenient retail finance solutions for farmers and agricultural equipment buyers. He added that the collaboration will improve access to credit and support farmers investing in modern farming machinery.

How the Partnership Will Support Farmers

By combining VST's nationwide dealership network with Union Bank's financing services, the partnership is expected to give farmers more options for managing the cost of purchasing agricultural machinery.

VST Tillers Tractors is a manufacturer of compact tractors and farm mechanisation equipment. Through this collaboration, VST and Union Bank of India aim to support farmers looking to invest in tractors and modern agricultural machines for their farming activities.

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CMV360 Says

The partnership between VST Tillers Tractors and Union Bank of India is expected to make farm equipment financing more accessible for farmers across the country. With loans available through VST's network of more than 1,000 dealers, customers can access finance for tractors, power tillers, power reapers and power weeders more conveniently. The initiative aims to support greater investment in modern agricultural machinery and mechanised farming.