Farmers who purchase agricultural machines of Tata International Vietnam Company Limited will be supported by the Vietnam Bank for Agriculture and Rural Development (Agribank).
Hanoi (VNA) – Farmers who purchase agriculturalmachines of Tata International Vietnam Company Limited will be supported by theVietnam Bank for Agriculture and Rural Development (Agribank).
An agreement to this effect has been recently signed by Agribank and TataInternational Vietnam, a subsidiary of India’s Tata International.
Besides, customers will be provided a package of equipment insurance from theAgriculture Bank Insurance JSC (ABIC) throughout the loan period.
Pham Toan Vuong, Agribank Deputy General Director, said the deal will provide farmerswith access to high-tech agricultural machines, along with financial assistancefrom Agribank, while contributing to tightening relations between Vietnam andIndia in various fields.
Len J Brand, Executive Director and Head of the Distribution Vertical of TataInternational, said ensuring credit support to farmers helps increaseproductivity and agricultural growth, thus improving the livelihoods of farmers.
Tata International Vietnam commits to providing the best farming solutions throughits partners to help farmers improve productivity and maximise the operationallongevity of their machines through a team of services and distributionnetworks.
By signing the cooperation agreement, Agribannk is actively contributing to materialisingthe Government’s policy on industrialisation and modernisation of agricultureand rural areas, focusing on agricultural mechanisation, and high tech andclean agriculture.-VNA
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At the signing ceremony (Photo: VNA) 
