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IndusInd Bank sets up farm sector funding unit

IndusInd Bank launched its Tractor and Farm Equipment (TFE) Finance division across the country to cater to agricultural financing. This is part of the bank’s various schemes targeting the rural population, to facilitate easy payment options from time to time with hassle-free documentation. The bank is offering funding with a customized payment option based on harvesting patterns for agricultural as well as commercial use. It also ensures a quick processing and transparent procedure where the loan will be processed to farmers within 4 working days with the bank’s representative personally visiting the farmer to assess required documents. The bank said this initiative 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.

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