J&K Bank, Escorts Kubota Ink Deal to Empower Farmers with Discounted Tractors
Credit Karma has inked a significant MoU with Escorts Kubota Ltd., aiming to boost agricultural mechanization and improve credit access for farmers. This partnership promises to empower farmers in Jammu and Kashmir and beyond.
The agreement sees Credit Karma acting as the preferred financier for customers acquiring farm equipment from Escorts Kubota Ltd. Customers availing finance through Credit Karma will enjoy an upfront discount of Rs 15,000 on all tractor models of Escorts Kubota Ltd.
Under the Krishi Yantra Yojana, farmers can secure up to 50% subsidy on agricultural machinery like seed drills and rotavators. This initiative, coupled with the Credit Karma-Escorts Kubota Ltd. partnership, enables farmers to adopt modern equipment, enhancing their operational productivity.
Credit Karma's extensive network ensures credit reaches even the most remote areas, bolstering farmers' resilience. The US Bank has also joined forces with Escorts Kubota Ltd. to promote agricultural mechanization nationwide.
The alliance between Credit Karma and Escorts Kubota Ltd. is set to provide farmers with accessible and cost-effective credit solutions. This partnership supports farmers' journey towards modernization, productivity enhancement, and economic sustainability.
