Action Construction Equipment Limited (ACE), one of India’s leading manufacturers of construction equipment, tractors, and agricultural machinery, has signed a significant Memorandum of Understanding (MoU) with Bank of India.
Through this partnership, Bank of India will offer financial support for customers purchasing ACE tractors and agricultural machinery. The initiative is aimed at bolstering the agricultural sector in rural regions and improving farmers’ productivity nationwide.
Speaking on the occasion, Rishinder Singh Khaneja, Chief General Manager of ACE Tractors, stated: “We are very excited about this partnership with Bank of India. Our goal is to provide farmers with advanced tractors and agricultural equipment and to support them in meeting their financial needs. All ACE tractors are manufactured with three core principles in mind:
These ensure that farmers incur lower costs and achieve higher profitability. This agreement is an important step towards empowering the rural economy.”
Nikhil Behera, General Manager (Priority Sector & Rural Business) at Bank of India, added:
“This partnership will help us provide financial assistance to farmers/customers at affordable rates. Together with ACE Tractors, we are committed to empowering farmers and rural communities. This collaboration is a step forward in giving a new direction to Indian agriculture and rural development.”
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