Kubota Agricultural Machinery India & Bank of Baroda Join Forces to Empower Farmers

Kubota Agricultural Machinery India Pvt. Ltd. (KAI), a prominent player in the agricultural machinery sector, has forged a strategic partnership with the Bank of Baroda (BOB) through a Memorandum of Understanding (MOU). This collaboration aims to facilitate financing solutions for Kubota Brand Tractors and Farm machinery, empowering farmers across the nation. Bank of Baroda, a leading public sector bank with an extensive network of over 8200 branches throughout India, will extend financing options for Kubota's premium range of tractors and farm machinery, ensuring affordability for farmers.

The MOU signing event took place on August 2, 2023, at Kubota's Sales & Marketing office in Pune. Mr. G S Grewal, Managing Director of Kubota India, and Mr. Man Mohan Gupta, Chief General Manager (Rural & Agri Banking) of Bank of Baroda, were the signatories to this significant agreement.

The event was attended by key figures including Mr. Ashutosh Deshmukh, Sr. General Manager-Sales at Kubota India, Mr. Sandeep Ratre, Head of Retail Finance at Kubota India, and Mr. Shailendra Kumar Singh, Head of Tractor, Self-Help Groups (SHG), and Farmer Producer Organizations (FPO) at Bank of Baroda.

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Mr. G S Grewal shared his perspective on the partnership, stating, "Kubota, with its Japanese technology and premium products that address the needs of food, water, and the environment, is consistently dedicated to offering solutions. This agreement between Kubota and Bank of Baroda will provide Indian farmers with easy and affordable financing solutions."

Mr. Man Mohan Gupta of Bank of Baroda also expressed his thoughts, mentioning that this collaboration would create additional opportunities for farmers to access hassle-free loans for Kubota's premium range of farm machinery products.

Both KAI and BOB management teams are optimistic about the potential of this partnership to complement each other's strengths and contribute to the welfare of the Indian farming community. By making financing more accessible and affordable, this agreement strives to empower farmers and drive progress in the agricultural sector.

As the alliance between Kubota Agricultural Machinery India and the Bank of Baroda takes shape, the future of farming is set to witness increased support, technological advancements, and greater financial inclusivity for farmers nationwide.

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