In a major push to empower India’s agricultural sector, Bank of India has signed a Memorandum of Understanding with CNH Industrial (India) Pvt Ltd (New Holland). The partnership aims to provide financing solutions for a wide range of farm equipment including tractors, harvesters, balers, planters, and other agricultural implements and machinery manufactured by CNH Industrial.
The MoU marks a strategic initiative to accelerate farm mechanisation, making advanced agricultural tools more accessible to farmers across the country. The collaboration will also contribute to improving productivity, efficiency, and sustainability in Indian agriculture.
The agreement was signed by Nakula Behera, General Manager – Priority Sector & Rural Business, Bank of India, and Sourabh Sharma, Head – Retail and Wholesale Finance, CNH Industrial (India) Pvt Ltd (New Holland).
