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India : MUMBAI: INDUSIND BANK launched its TFE Finance division to support agricultural sector

July 2, 2014

The Mumbai-based private sector banking player IndusInd Bank on Monday has announced the launch of its nationwide Tractor and farm Equipment (TFE) Finance wing to meet the increasing funding demands of the agricultural community.

The bank has also declared on the introduction of a range of attractive schemes to serve the people living in the rural areas of the country. These schemes will offer uncomplicated as well as flexible payment options with easy documentation process.

IndusInd Bank has disclosed that it provides financial support with a personalized payment option founded on harvesting patterns for agricultural as well as commercial purposes. Moreover, there is provision for fast and transparent procedure for processing agricultural loans so that the whole job can be accomplished by 4 working days. Apart from this, the lender sends its representative to the farmers doorsteps to examine the key papers.

Issuing a statement, the private sector lender stated, This initiative by the bank will support the financial requirements of farmers for acquiring new age and innovative farming equipments which will play a significant role in boosting their agriculture productivity.

IndusInd s Bank Head (Consumer Finance Division) S V Parthasarathy revealed, Recognising the various and hugely differentiated needs of today's Indian farmer, IndusInd Bank assures in providing solutions to enhance agricultural productivity through steady stream of finance. This will steadily improve the quality of life in rural India.

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Source: TendersInfo (India)

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