PNB-M & M Partner To Boost Farm Mechanization


Parikshit Ghosh highlighted M&M’s enormous products portfolio, including mini (from 15 HP) to heavy duty (upto 75 HP) Tractors, Implements for Land preparation, harvesting and post harvesting


L to R: D. K. Garg, DGM,. K. S. Rana, GM, Agriculture - PNB, signed MOU with Parikshit Ghosh, VP (Sales Channel & Customer Care), Gaurang Desai and Akshdeep Sharma-M&;M

FinTech BizNews Service

Mumbai, April 1, 2025: Punjab National Bank (PNB), nation’s leading public sector

bank, and Mahindra & Mahindra Limited, one of the largest Tractor manufacturer and

largest business shareholder under Tractor and Farm Implements in India, have signed

a Memorandum of Understanding (MoU) at PNB’s headquarters in New Delhi.

The MoU was signed by Shri K. S. Rana, General Manager, Agriculture – PNB, and Shri

Parikshit Ghosh, Vice President (Sales Channel & Customer Care) – Mahindra &

Mahindra Ltd., in the presence of senior officials from PNB and other representatives

from M&M.

On the signing ceremony, Shri Parikshit Ghosh highlighted M&M’s enormous products

portfolio, including mini (from 15 HP) to heavy duty (upto 75 HP) Tractors, Implements

for Land preparation, harvesting and post harvesting. He also quoted the international

presence of Mahindra & Mahindra in farm sector. Through this collaboration M&M will

target on vast farmers connected to PNB and provide them various option of Tractors

and farm machineries.

Shri K. S. Rana, GM, Agriculture – PNB, emphasised that timely credit support is PNB’s

priority, and team is actively working to reduce TAT through a multi-layered monitoring

mechanism. He also reasserted PNB’s commitment to supporting small and marginal

farmers. Additionally, he stated that the Agriculture Infrastructure Fund (AIF) scheme’s

role in facilitating custom hiring centres and promoting farm mechanisation. These

efforts aim to reduce cultivation costs, enhance efficiency in agricultural practices, and

foster ecological sustainability through better resource management and environmental

preservation.

Through this strategic collaboration, PNB aims to drive substantial business growth

under Farm Mechanisation sector.

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