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VST Tillers Tractors inks MoU with Axis Bank to Offer Credit Facilities to Farmers

Published on May 23, 2024
Current Context: VST Tillers Tractors Limited, a leading farm equipment manufacturer in India, has signed a Memorandum of Understanding (MOU) with Axis Bank, one of India’s top private sector banks, on May 21, 2024.
VST Tillers Tractors inks MoU with Axis Bank to Offer Credit Facilities to Farmers
  • The MOU, signed in Bengaluru, aims to provide financial solutions to farmers for purchasing tractors and farm mechanisation products.
  • This partnership will leverage Axis Bank’s extensive network of 5370+ branches across India, enabling farmers to avail hassle-free, affordable, and flexible credit facilities.
  • The bank will offer flexible repayment options, swift sanctions, and special benefits on EMI options to encourage farmers to opt for farm mechanization.
  • This initiative is a significant step towards facilitating agricultural transformation in India, with both organizations sharing a common vision of empowering the farmer community and encouraging entrepreneurship in the agricultural sector.

Question:

1. How many branches does Axis Bank have across India?

  • A) 4370+
  • B) 5370+
  • C) 6370+
  • D) 7370+
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