#tractor loans in india

[alwaysenchantingcolor]

A Guide to Tractor Loans for Farming Ventures

In the vast fields of agriculture, the dream of scaling up your farming operations often involves the acquisition of a tractor. If you find yourself contemplating a tractor loan to turn this dream into reality, here's a simple guide to help you navigate the financial terrain.

1. Assess Your Financial Condition:

Before diving into the world of tractor loans, take a close look at your financial situation. Evaluate whether you genuinely need a loan or if there are other feasible options. 

2. Calculate Loan Amount and Down Payment:

Once you've decided to proceed with a tractor loan, the next step is to calculate the loan amount and determine the down payment required. Carefully assess your budget to understand how much you can comfortably allocate as a down payment, as this initial investment plays a significant role in shaping the terms of your loan.

3. Interest Rates and Loan Tenure:

The financial landscape is dotted with various interest rates, and choosing the right one is essential. Research the interest rates offered by different lenders and select the one that aligns with your financial capabilities. Additionally, consider the loan tenure – the period within which you'll repay the loan. Ensure that the tenure is manageable, allowing you to easily repay the loan.

4. Collateral & Security:

Most tractor loans require collateral and security for approval. Understand the terms and conditions related to collateral, which could be in the form of assets you own. Be prepared to provide necessary security for the loan, and make sure you understand the implications and responsibilities associated with it.

5. Future Income:

Predicting the future may not be an exact science, but when it comes to tractor loans, it's crucial to consider your future income and market conditions. Assess whether your farming activities will generate sufficient income to repay the loan comfortably. By assessing your financial situation, calculating down payments, understanding interest rates and loan tenure, providing necessary collateral, and factoring in future income and market conditions, you can start your farming journey with confidence while buying from good tractor manufacturers in India.

[desimoviereviews]

Jawan: One of SRK's Best Movies

Follow me on Instagram: @thatguyanesejournalist

Let’s talk about Atlee’s Jawan

Azad is a jailer at a women’s prison who moonlights as a vigilante with the aim to rectify corruption in Indian society, targeting a specific individual whose actions and status have caused extreme suffering for civilians.

I’ll be honest. The plot could have easily been a two-dimensional hero versus villain story that we’ve all seen too many times. However, adding the stories about Kalki’s father and Dr. Eeram’s “negligence” really brings a depth to the plot that proves this film is not just a story about a protagonist and an antagonist: it’s a story about the people of India.

For example, to avenge thousands of farmers’ suicides, the team holds passengers of a train hostage until they get paid ₹40,000 crore ($4,818,532 USD) so they can repay the loans of the Indian farmers. The viewers finds out through one of the most emotional scenes in the movie that Kalki’s father, who was a farmer, committed suicide so that his family could pay off the loan on their tractor with the money they would receive from his death. In real life, more than 12,000 farmers in India commit suicide every year due to debts. These anecdotes in the film bring a touch of needed reality to the plot; in fact, the reality-based conflicts are something I think Bollywood needs desperately these days.

Personally, I think this is one of SRK’s best movies. I’ve been waiting to see what movies SRK was going to churn out now that he isn’t doing purely romance movies anymore. I think Jawan is a great example of the content SRK is capable of creating without being a romance hero. And you see this with Azad and Vikram Rathore, who aren’t your typical protagonists. You would expect the protagonists to take the main spotlight for most of the movie. However, SRK shares the screen with a plethora of other female characters and doesn’t overshadow their acting or stories. 

One character that I absolutely adored was Narmada. As a female protagonist, she wasn’t the “damsel in distress” that needed saving all the time. In fact, she was a tough character throughout the movie who held her own, even when she found out Azad’s real identity as a vigilante. I really do appreciate Narmada’s character arc and the fact that she could always defend herself as an individual.

A quick shoutout to Kalee Gaikwad and how effortlessly Vijay Sethupathi acted in his role. This was actually the first movie I’ve ever seen him in, and he conveys the psychotic qualities of his character without it seeming fake or unconvincing. I have a whole bunch of Vijay Sethupathi movies lined up for me to watch for the future!

Also, another shoutout to Aishwarya Rathore and the wonderful Deepika Padukone. Even though her cameo in the movie was short, it was an impactful one and gave me major Om Shanti Om vibes. I love how her character was also strong and independent, refusing to be coerced by Gaikwad and his scheme to frame Vikram.

I loved the movie so much. There was impactful dialogue throughout, even though some parts did sound a bit preachy but still fit the message that the movie was trying to convey. The references to SRK’s iconic movies didn’t go unnoticed by me, and it was done in a way that didn’t make me cringe. I also appreciated the way there were numerous fourth-wall breaks that seemed like SRK was addressing the real-life viewers during the film’s most crucial moments; by staging this scenes as messages to the actual people, it causes viewers to think about their own political landscape in their country and how they can impact their own government (LEGALLY, PLEASE).

All the songs on the soundtrack, composed by Anirudh Ravichander, were pretty catchy to me. Welcome to another episode of me having a hard time to curate my song list. At the end of the day, I included both popular and seemingly underrated songs from the film. Give them a listen! 

Aararaari Raaro

Chaleya

Zinda Banda

The movie is 2 hours and 50 minutes long. Stream the extended cut on Netflix, grab a snack, and enjoy!

Let me know your thoughts in the comments!

[infinite-money-glitch]

Leading Non-Banking Financial Companies In India

India's Non-Banking Financial Companies (NBFCs) have become an integral part of the country's financial system, providing credit to various sectors of the economy. 

Let’s begin with Bajaj Finance Limited. Led by Rajeev Jain, it’s one of the most well-known NBFCs in India and offers a diverse range of financial services.

If we talk about housing finance, Housing Development Finance Corporation (HDFC) Limited, led by Keki Mistry, is one of the oldest and largest NBFCs in India.

Mahindra and Mahindra Financial Services Limited, led by Ramesh Iyer, is a leading rural finance player in India, providing financing solutions for vehicles, tractors, and rural households.

While looking at the emerging players, Poonawalla Fincorp Limited, led by Abhay Bhutada, has established a strong presence in retail lending and loans.

L&T Finance Holdings Limited, led by Dinanath Dubhashi, provides financing solutions for various sectors, including infrastructure, energy, and rural.

A huge credit for the success of these NBFCs can be given to the leadership and guidance of their Managing Directors. They have played a crucial role in shaping their respective companies' vision, strategy, and growth by expanding their product range, strengthening their distribution network, and enhancing their digital capabilities.

These NBFCs have established themselves as key players in the industry, with diverse product portfolios, robust distribution networks, and strong digital capabilities. As the Indian economy continues to evolve, NBFCs are expected to play an increasingly crucial role in supporting the country's growth and development.

[rugrofficial]

RUGR | Best Agriculture Loan Provider For Rural In India

In the vast landscape of Indian agriculture, access to financial resources is crucial for farmers to thrive and sustain their livelihoods. Rugr has emerged as a leading fintech solution provider, offering tailored financial products designed specifically for the needs of rural farmers. With a focus on enhancing financial inclusion and promoting digital literacy, Rugr provides various agricultural loans that empower farmers to invest in their futures.

Mobile Banking in Rural Bharat

One of the standout features of Rugr is its commitment to mobile banking in Rural Bharat. As smartphone penetration increases in rural areas, Rugr leverages this technology to facilitate easy access to financial services. Farmers can manage their accounts, apply for loans, and track their repayments directly from their mobile devices. This convenience eliminates the need for long trips to bank branches, which can be time-consuming and challenging for farmers with demanding schedules.

The user-friendly interface of Rugr’s mobile application is designed with the rural farmer in mind, providing essential information in local languages. This approach not only makes banking more accessible but also promotes digital literacy among farmers who may have previously been hesitant to engage with technology.

Agricultural Loans Tailored for Farmers

Rugr specializes in offering various agricultural loans in India, catering specifically to the unique needs of farmers. These loans can be utilized for multiple purposes, including purchasing seeds, fertilizers, and other essential inputs required for successful crop production. By simplifying the loan application process, Rugr ensures that farmers can quickly access the funds they need without the burdensome paperwork typically associated with traditional lending.

As an agriculture equipment loan provider, Rugr understands the importance of modern machinery in improving farming efficiency. Farmers can secure loans specifically designed for purchasing tractors, harvesters, and other vital equipment. This investment not only enhances productivity but also reduces labor costs associated with traditional farming methods.

Agricultural Gold Loan Scheme

One of Rugr’s most innovative offerings is the Agricultural Gold Loan Scheme. This scheme allows farmers to leverage their gold assets to secure quick financing without selling their precious items. The process is straightforward: farmers can pledge their gold jewelry or ornaments as collateral and receive immediate funds to address urgent agricultural needs.

This scheme is particularly beneficial for those who may face cash flow challenges during critical farming periods. By providing quick access to funds through gold loans, Rugr empowers farmers to make timely investments that can significantly impact their crop yields and overall profitability.

Crop Insurance Online

In addition to loans, Rugr facilitates farmers in securing crop insurance by allowing them to apply for crop insurance online. This service is vital for protecting against unforeseen circumstances such as natural disasters or pest infestations that could jeopardize their livelihoods. By promoting awareness of crop insurance options, Rugr helps farmers mitigate risks associated with agriculture.

Conclusion

In conclusion, Rugr stands out as the best agriculture loan provider for rural India, offering comprehensive financial solutions tailored to meet the diverse needs of farmers. Through its innovative mobile banking platform, tailored agricultural loans, and supportive services like crop insurance and gold loans, Rugr is transforming the financial landscape for farmers in Rural Bharat.

By promoting financial literacy and accessibility through technology, Rugr not only enhances individual farmer livelihoods but also contributes to the overall growth and sustainability of India’s agricultural sector. As more farmers embrace these digital solutions, they are better equipped to face challenges and seize opportunities in an ever-evolving market. With Rugr by their side, Indian farmers can confidently navigate their agricultural journeys toward a prosperous future.

[mlsi9]

Quiklyz Offers India's Largest Range of EVs for Leasing & Subscription

EVs (4W and 3W) from leading OEMs including Mahindra, Tata Motors, Mercedes-Benz, MG, Audi, Jaguar and Piaggio on offer

Monthly subscription fee starting at Rs 21,399 per month for electric 4W and Rs 13,549 for electric 3W load

Monthly fee covers insurance, maintenance and road-side assistance and flexibility to upgrade

Mumbai, January 12, 2022: Quiklyz, the vehicle leasing and subscription business vertical of Mahindra & Mahindra Financial Services Limited (Mahindra Finance/ MMFSL), today announced that it will offer the widest range of electric vehicles (EVs) for leasing and subscription to potential customers. Quiklyz is a new-age digital born vehicle leasing and subscription platform that offers great convenience, flexibility, and choice to customers across Indian cities.

Quiklyz currently has the largest portfolio of EVs on the subscription platform. The portfolio spans across electric 4W from the leading OEMs offering electric vehicles including Mahindra, Tata Motors, Mercedes-Benz, MG Motors, Audi, and Jaguar as well as electric 3W load vehicles from Mahindra and Piaggio for e-commerce fleet operators.

Customers will have the flexibility to upgrade their vehicle in 2-3 years keeping in tune with ever increasing technology features in newer EV launches going forward.

The EVs on-road price is currently higher than petrol and diesel vehicles, although the running cost is much lower. The customers intending to purchase EV vehicles through bank loans therefore must pay very high down payment. However, with Quiklyz there is no requirement for down payment, and monthly subscription charges for EV 4W starts from as low as INR 21,399 / per month.

Turra Mohammed, SVP & Business Head – Quiklyz mentioned, “As the world is moving on from conventional fuels to alternative sources of energy for powering transport, electric vehicles are emerging as a popular choice among the planet conscious customers. Quiklyz will continue to focus on EVs and will create an exciting platform for customers to have access to EVs in an affordable and hassle-free manner. All of this will be in keeping with India’s commitment to become carbon-neutral by 2070”.

Quiklyz is also the leading provider for subscription of Electric 3Ws used in last mile delivery by e-commerce companies. Suman Mishra - CEO Mahindra Electric added, “Leasing & Subscription is becoming an important channel for our Electric 3W specifically in load segment to new age enterprises. We look forward to continuing working with Quiklyz to provide such innovative financing solutions for our customers”.

The company plans to add more EVs in its portfolio, as it aims to create exciting EV subscription products for its customers. Quiklyz’s vehicle subscription model ensures that there’s no risk or uncertainty about maintenance, battery life, resale value, etc. when it comes to adopting a new technology

The customers can access various offerings and book their dream vehicle on Quiklyz.com. The website will facilitate an extremely simple vehicle booking and delivery journey for the customer. Additionally, customers can also reach out to Quiklyz over email at quiklyz.service@mahindra.com or call at 1800-209-7845 for support.

About Mahindra & Mahindra Financial Services Limited

Mahindra & Mahindra Financial Services Limited (Mahindra Finance), part of the Mahindra Group, is one of India’s leading non-banking finance companies. Focused on the rural and semi-urban sector, the Company has over 7.3 Million customers and has an AUM of over USD 11 Billion. The Company is a leading vehicle and tractor financier, provides loans to SMEs and also offers fixed deposits. The Company has 1,388 offices and reaches out to customers spread over 3,80,000 villages and 7,000 towns across the country.

Mahindra Finance has been ranked 54th among India’s Best Companies to Work 2021 by Great Place to Work Institute.

Mahindra Insurance Brokers Limited (MIBL), the Company's Insurance Broking subsidiary is a licensed Composite Broker providing Direct and Reinsurance broking services.

Mahindra Rural Housing Finance Limited (MRHFL) a subsidiary of Mahindra Finance provides loans for purchase, renovation, construction of houses to individuals in the rural and semi-urban areas of the country.

Mahindra Finance CSR Foundation is a wholly-owned subsidiary company, under the provisions of section 8 of the Companies Act, 2013 for undertaking the CSR activities of the Company and its subsidiaries.

Mahindra Manulife Investment Management Private Limited (formerly known as Mahindra Asset Management Company Private Limited) acts as the Investment Manager of Mahindra Manulife Mutual Fund (formerly known as Mahindra Mutual Fund). On 29th April, 2020 Mahindra Finance divested 49% stake in its wholly-owned subsidiary, Mahindra Manulife Investment Management Private Limited to Manulife Investment Management (Singapore) Pte. Ltd., to form a 51:49 joint venture.

Mahindra Manulife Trustee Private Limited (MMTPL), (formerly known as Mahindra Trustee Company Private Limited) acts as a Trustee to Mahindra Manulife Mutual Fund (formerly known as Mahindra Mutual Fund). On 29th April, 2020 Mahindra Finance divested 49% stake in its wholly-owned subsidiary, Mahindra Manulife Trustee Private Limited to Manulife Investment Management (Singapore) Pte. Ltd. to form a 51:49 joint venture.

The Company has a Joint Venture in the US, Mahindra Finance USA LLC, in partnership with De Lage Landen, a subsidiary of Rabo Bank, for financing Mahindra vehicles in the US.

Ideal Finance Limited (Ideal Finance) is a subsidiary of the Company in Sri Lanka, in which the Company owns 58.2% stake. Ideal Finance focuses on providing a diversified suite of financial services to the Sri Lankan market.

Learn more about Mahindra Finance on www.mahindrafinance.com / Twitter and Facebook: @MahindraFin

About Mahindra

Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate. 

The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise. Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to https://www.mahindra.com/news-room

[business-loan8]

Revving Up Rural Prosperity: The Role of RTF Finance in Tractor Loans in Banswara

Understanding RTF Finance

RTF finance stands as a beacon of financial inclusion, specifically tailored to uplift rural economies. It encompasses a range of financial services designed to meet the unique needs of rural populations, including agricultural loans, crop insurance, and microfinance. These initiatives aim to bridge the gap between urban and rural financial access, fostering economic growth and sustainable development in rural areas.

In the heart of Rajasthan, amidst the rustic charm of Banswara, lies a pivotal cog in the agricultural machinery that fuels India's agrarian economy – tractor loans. With the advent of Rural Transformation Finance (RTF) initiatives, Banswara has witnessed a transformative wave in its agricultural landscape, empowering farmers with the means to acquire modern farming equipment, particularly tractors. Let's delve into the dynamics of RTF finance and its profound impact on the accessibility of Tractor Loans in Banswara.

Empowering Banswara Farmers: Tractor Loans in Focus

Banswara, like many agrarian regions, relies heavily on traditional farming methods. However, the introduction of tractor loans through RTF finance has heralded a new era of mechanization and efficiency in agricultural practices. Farmers in Banswara can now avail themselves of tailored financial products to purchase tractors, significantly enhancing their productivity and output.

The Significance of Tractor Loans in Banswara

Tractors are indispensable assets for modern farming, offering increased efficiency, reduced labor costs, and enhanced agricultural output. In Banswara, where the terrain can be rugged and labor-intensive, the acquisition of tractors through specialized loans has been a game-changer for local farmers. It has enabled them to till the land more effectively, sow seeds efficiently, and undertake timely irrigation, thereby maximizing yields and profitability.

RTF Finance: Driving Sustainable Growth

The impact of RTF finance extends beyond mere economic transactions; it fosters holistic rural development. By providing access to tractor loans in Banswara, RTF initiatives empower farmers to adopt sustainable agricultural practices. Modern machinery not only boosts productivity but also promotes soil conservation, water management, and crop diversification, ensuring the long-term viability of farming in the region.

Overcoming Challenges and Charting a Path Forward

While RTF finance has unlocked a plethora of opportunities for Banswara's agricultural community, challenges persist. Limited awareness about financial products, bureaucratic hurdles, and fluctuating market conditions can impede the seamless dissemination of tractor loans. Addressing these challenges requires collaborative efforts between financial institutions, government agencies, and grassroots organizations to streamline processes, enhance financial literacy, and tailor solutions to local needs.

Conclusion: Steering Towards Prosperity

As Banswara navigates the winds of change, RTF finance emerges as a driving force behind rural prosperity. Through targeted interventions like tractor loans, it empowers farmers to embrace modernity while preserving the essence of traditional farming practices. The symbiotic relationship between RTF finance and agricultural mechanization holds the key to unlocking Banswara's full potential, ushering in a new era of prosperity for generations to come. With every tractor that plows its fields, Banswara propels towards a future where abundance and opportunity flourish hand in hand.

In the tapestry of rural development, RTF finance stitches together aspirations and realities, weaving a narrative of resilience, growth, and empowerment. As Banswara's fields blossom with the fruits of progress, the legacy of tractor loans in RTF finance stands as a testament to the transformative power of inclusive financial services.

[qwertydded]

Quiklyz signs MOUs with five Last Mile Mobility players to deliver 1000 electric 3-wheelers

Quiklyz signs MOUs with five Last Mile Mobility players to deliver 1000 electric 3-wheelers

Deliveries to be completed in 6 months, pan India

Vehicles to be used for delivery & logistics

Mumbai, 23rd November 2022: Quiklyz, the vehicle leasing and subscription business of Mahindra & Mahindra Financial Services Limited (Mahindra Finance/ MMFSL), has signed MOUs with prominentLast Mile Mobility players for leasing over 1000 electric 3-wheelers (3W). Quiklyz plans to deliver these leased vehicles over the next six months, spread across India deliveries, opening up newer opportunities in EV leasing.

The MOUs have been signed upwithMahindra Logistics Limited, MoEVing Urban Technologies Pvt Ltd., Creativity at Best Technologies Pvt. Ltd., Magenta EV Solutions Pvt Ltd. and, Terrago Logistics Pvt Ltd. The signing was done on the sidelines of the launch of Mahindra Electric’s Zor Grand in Bengaluru recently.

The three-wheeler electric vehicles will be used primarily for delivery and logistics purposes.

Raul Rebello, COO, Mahindra Finance said, “India’s transition to EV has accelerated in the last few years which has given a major boost to the Indian EV financing ecosystem. With these recent partnerships our aim is to be early adopters of this disruptive technology, our way of contribution in India achieving its goal of becoming carbon-neutral by 2070”.

Shailesh Kumar – Director, CABT logistics mentioned, “We started our journey with Quiklyz four months ago and were delighted with our experience as a client. With this MOU we commit to strengthen this relationship further with the ease of flexibility leading to business growth for both the organisations and our environment at large”.

Mohammad Turra, Senior VP & Head, Quiklyz added, “We continue to deliver on our commitment in providing innovative leasing solutions to popularize Electric Vehicles in India across segments and are delighted to partner with leading players in last mile space. With due consideration to the growing e-3W segment and the increasing focus on green mobility, it will be our continuing endeavor to work closely with stakeholders in the sustainable mobility space”.

Quiklyz has already provided leasing solutions to over 1000 electric vehicles over the last 12 months including passenger vehicles and three-wheelers. It currently has the largest portfolio of EVs in Last Mile Mobility on its leasing and subscription platform; in collaboration with major EV manufacturers. Quiklyz has been a front-runner in promoting leasing solutions for logistics and last mile e-mobility across the Indian metro cities through continuous collaborations with prominent e-commerce companies.

Quiklyz has partnered with more than 15 electric last mile mobility delivery companies and several electric mobility providers since its inception. The platform has leased electric vehicles across cities including Mumbai, Bengaluru, Chennai, Delhi, Hyderabad, Pune,  Noida, Gurugram, Indore and Nagpur.

About Mahindra & Mahindra Financial Services Limited

Mahindra & Mahindra Financial Services Limited (Mahindra Finance), part of the Mahindra Group, is one of India’s leading non-banking finance companies. Focused on the rural and semi-urban sector, the Company has over 8.4 million customers and has an AUM of over USD 11 Billion. The Company is a leading vehicle and tractor financier, provides loans to SMEs and also offers fixed deposits. The Company has 1,386 offices and reaches out to customers spread over 3,80,000 villages and 7,000 towns across the country.

Mahindra Finance has been ranked 54th among India’s Best Companies to Work 2021 by Great Place to Work Institute.

Mahindra Insurance Brokers Limited (MIBL), the Company's Insurance Broking subsidiary is a licensed Composite Broker providing Direct and Reinsurance broking services.

Mahindra Rural Housing Finance Limited (MRHFL) a subsidiary of Mahindra Finance provides loans for purchase, renovation, construction of houses to individuals in the rural and semi-urban areas of the country.

Mahindra Finance CSR Foundation is a wholly owned subsidiary company, under the provisions of section 8 of the Companies Act, 2013 for undertaking the CSR activities of the Company and its subsidiaries.

Mahindra Manulife Investment Management Private Limited (formerly known as Mahindra Asset Management Company Private Limited) acts as the Investment Manager of Mahindra Manulife Mutual Fund (formerly known as Mahindra Mutual Fund).

Mahindra Manulife Trustee Private Limited (MMTPL), (formerly known as Mahindra Trustee Company Private Limited) acts as a Trustee to Mahindra Manulife Mutual Fund (formerly known as Mahindra Mutual Fund).

Mahindra Ideal Finance Limited (MIFL) is a subsidiary of the Company in Sri Lanka, in which the Company owns 58.2% stake. MIFL focuses on providing a diversified suite of financial services to the Sri Lankan market.

The Company has a Joint Venture in the US, Mahindra Finance USA LLC, in partnership with De Lage Landen, a subsidiary of Rabo Bank, for financing Mahindra vehicles in the US.

Learn more about Mahindra Finance on www.mahindrafinance.com / Twitter and Facebook:

@MahindraFin 

About Mahindra

Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate. 

The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to https://www.mahindra.com/news-room

[farm-implements]

Agricultural Machinery in India: Transforming the Farming Landscape

Farming is a big part of life in India, and now more than ever, farmers are using machines to help them grow more food and make their work easier. This move to use more machines is partly because there are fewer farm workers available and hiring people is becoming more expensive.

Tractors are the most popular farm machines in India. They are really useful for many different farm tasks like plowing, planting, and moving things around. Small tractors are especially helpful for farmers with less land because they're affordable and fit well on smaller farms.

Combine harvesters are also becoming more common, especially in the large fields of North India where a lot of wheat and rice grow. Agricultural machinery in India helps farmers harvest their crops much faster and lose less grain compared to harvesting by hand.

Irrigation equipment like sprinklers and drip systems are important too, because they help farmers use water wisely. This is very important in areas where there isn't much water available.

Another helpful tool is the seed drill, which helps farmers plant seeds evenly and at the right depth. This leads to better crops and makes the most of the available land.

The Indian government is helping farmers buy these machines by offering money help and loans. Programs like the Rashtriya Krishi Vikas Yojana (RKVY) and the Sub-Mission on Agricultural Mechanization (SMAM) help farmers afford the equipment they need.

As farming in India gets more modern, machines are becoming essential. They help farmers produce more food and support many people's livelihoods. Looking ahead, it will be important to keep finding ways to use machines in farming that help both the farmers and the environment.

[n-amit]

Unleash Your Earning Potential: A Guide to L&T Finance DSA Registration

Ever dreamt of charting your own financial course, working flexible hours, and reaping rewards for your success? Look no further than becoming a Direct Selling Agent (DSA) for L&T Finance! This dynamic role connects borrowers with their dream loans, while empowering you to build a thriving career as a financial solutions expert.

Why L&T Finance?

L&T Finance, a leading NBFC, offers a diverse range of loans, from personal loans to tractor loans, catering to every need and dream. As their DSA, you'll not only help individuals realize their aspirations but also unlock your own earning potential through a rewarding commission structure.

Steps to Become an L&T Finance DSA:

Embrace the Digital Path: Head to the L&T Finance website and embark on your journey with a simple online application.

Unlock Your Potential: Make a convenient payment, and get ready to showcase your entrepreneurial spirit.

Verification, Your Key to Success: The bank will then contact you to verify your documents, credit history, and score. Impress them with your credentials and build trust.

Agreement Time: If your application shines, you'll receive the DSA agreement – sign it and seal your partnership with L&T Finance.

Your Unique Identity: Congratulations! You'll receive a unique DSA loan agent ID, your key to unlocking a world of financial opportunities.

Documentation Made Easy:

To breeze through verification, keep these documents handy:

Two passport-sized photographs

ID proof: PAN card, Aadhaar card, Voter ID, Passport

Address proof: Aadhaar card, Voter ID, Passport, Utility bill for the last six months

Bank transaction details for the last three months

Additional details for individuals or firms applying

Educational certificates (not always mandatory)

Income Tax returns and GSTIN details (if applicable)

Eligibility Criteria:

Age: Above 18 years

Citizenship: Indian

Credit history: Good standing with a strong CIBIL score

Knowledge: Understanding of loan procedures in India

Education: No specific degree required

Reaping the Rewards:

Flexible Career: Set your own working hours and build a career around your life.

Unlimited Commissions: Earn exciting commissions on every successful loan disbursed through your referrals. The bigger the loan, the bigger your income!

Personal Growth: Sharpen your financial expertise and become a trusted advisor to your clients.

Job Satisfaction: Witness the joy of helping others achieve their financial goals and build a fulfilling career.

Ready to Take Charge?

The L&T Finance DSA program awaits your entrepreneurial spirit. Embrace the opportunity to make a difference, secure your financial future, and become a vital part of L&T Finance's success story. Take the first step and visit their website today!

Remember, you can also explore becoming a DSA with Andromeda Loans. Click here to learn more!

This revised version:

Uses a more dynamic and action-oriented tone.

Focuses on the benefits and rewards of becoming an L&T Finance DSA.

Streamlines the content for improved readability.

Injects a sense of empowerment and personal growth.

Concludes with a strong call to action, highlighting the alternative of Andromeda Loans as well.

[tannykokane]

Quiklyz ties up with BluSmart to provide 500 EVs on leasing

Mumbai/Delhi, 22nd March 2022: Quiklyz, the vehicle leasing and subscription business of Mahindra & Mahindra Financial Services Limited (Mahindra Finance/ MMFSL), today announced its tie-up with BluSmart Mobility, India’s first and largest zero-emission ride-hailing service and platform. As part of this arrangement, Quiklyz will provide customized Lease for up to 500 Electric Vehicles (EVs) which will be deployed on BluSmart’s 100% EV fleet.

These vehicles would be deployed in the Delhi NCR region and would be used for the BluSmart all Electric ride hailing services plying currently in NCR through the BluSmart app.

Quiklyz is the new age vehicle leasing and subscription platform having broad product offerings across various customer segments for passenger and commercial vehicles from all leading OEMs in India.

Anmol Singh Jaggi, Founder & CEO, BluSmart said, “BluSmart, through its all-electric fleet, provides zero-ride denial, zero-surge and zero-tailpipe emission ride-hailing service to make mobility smarter and sustainable for a better future. We needed a partner who could create bespoke financing structures, industry-best service levels and in Quiklyz we found the ideal leasing partner fulfilling these requirements. We look forward to our continued partnership with Quiklyz which would be a win-win for all”.

Mohammad Turra, Senior VP & Head, Quiklyz mentioned, “We are committed to providing innovative leasing solutions to popularize Electric Vehicles in India and are delighted to be the leasing partner of choice for BluSmart which has built a remarkable portfolio of EV fleet. We will continue to create necessary leasing products across EV segments to drive the change towards a more sustainable future”.

BluSmart currently operates in Delhi NCR region and the company plans to expand its network into other major cities across India. It also operates large EV charging Superhubs powering its own EV fleet as well as offering services to others.

Quiklyz currently has the largest portfolio of electric vehicles (EVs) on its leasing and subscription platform. It provides both Electric 4W as well Electric 3Ws across OEMs including Mahindra, Tata Motors, Piaggio, Mercedes-Benz etc. Quiklyz’s value proposition for its customers includes zero

down payment schemes, flexible tenure options, no resale or maintenance hassle, and much more.

About Blu Smart

BluSmart is leading India's path to zero emission mobility, and we will continue to improve the quality of lives for people, improve the quality of lives of the driver partners and continue to provide the "most reliable ride hailing service to customers". BluSmart Mobility is the most preferred mode of public transportation across Delhi NCR having completed 1 million+ all electric trips, covering over 32 million+ clean kms with over 350,000+ app downloads with an app rating of 4.9 out of 5.0 in the last year. It has the largest fleet of electric cabs and the largest network of EV fast charging stations across Delhi NCR.

For more information, visit: https://blu-smart.com/

About Mahindra & Mahindra Financial Services Limited

Mahindra & Mahindra Financial Services Limited (Mahindra Finance), part of the Mahindra Group, is one of India’s leading non-banking finance companies. Focused on the rural and semi-urban sector, the Company has over 7.3 Million customers and has an AUM of over USD 11 Billion. The Company is a leading vehicle and tractor financier, provides loans to SMEs and also offers fixed deposits. The Company has 1,388 offices and reaches out to customers spread over 3,80,000 villages and 7,000 towns across the country. 

Mahindra Finance has been ranked 54th among India’s Best Companies to Work 2021 by Great Place to Work Institute.

Mahindra Insurance Brokers Limited (MIBL), the Company's Insurance Broking subsidiary is a licensed Composite Broker providing Direct and Reinsurance broking services. 

Mahindra Rural Housing Finance Limited (MRHFL) a subsidiary of Mahindra Finance provides loans for purchase, renovation, construction of houses to individuals in the rural and semi-urban areas of the country. 

Mahindra Finance CSR Foundation is a wholly-owned subsidiary company, under the provisions of section 8 of the Companies Act, 2013 for undertaking the CSR activities of the Company and its subsidiaries. 

Mahindra Manulife Investment Management Private Limited (formerly known as Mahindra Asset Management Company Private Limited) acts as the Investment Manager of Mahindra Manulife Mutual Fund (formerly known as Mahindra Mutual Fund). On 29th April, 2020 Mahindra Finance divested 49% stake in its wholly-owned subsidiary, Mahindra Manulife Investment Management Private Limited to Manulife Investment Management (Singapore) Pte. Ltd., to form a 51:49 joint venture. 

Mahindra Manulife Trustee Private Limited (MMTPL), (formerly known as Mahindra Trustee Company Private Limited) acts as a Trustee to Mahindra Manulife Mutual Fund (formerly known as Mahindra Mutual Fund). On 29th April, 2020 Mahindra Finance divested 49% stake in its wholly-owned subsidiary, Mahindra Manulife Trustee Private Limited to Manulife Investment Management (Singapore) Pte. Ltd. to form a 51:49 joint venture.

The Company has a Joint Venture in the US, Mahindra Finance USA LLC, in partnership with De Lage Landen, a subsidiary of Rabo Bank, for financing Mahindra vehicles in the US. 

Mahindra Ideal Finance Limited (Ideal Finance) is a subsidiary of the Company in Sri Lanka, in which the Company owns 58.2% stake. Ideal Finance focuses on providing a diversified suite of financial services to the Sri Lankan market. 

Learn more about Mahindra Finance on www.mahindrafinance.com / Twitter and Facebook: @MahindraFin

About Mahindra

Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.  

The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to https://www.mahindra.com/news-room

[tractorjunction3022]

Empowering Agriculture: Navigating the Tractor Loan Journey for Indian Farmers

Indian farmers have used tractor loans as a source of funding to mechanise their farms in order to produce more, earn more, and acquire better lives. A probing farmer aspiring for an agricultural tractor loan should know how to apply for it. With this in mind, especially for choices such as Powertrac Tractor, one can be satisfied with the results obtained from it.

Why Consider a Tractor Loan?

Owning a tractor can bring numerous benefits to farmers:

Increased Productivity: Farm productivity is highly boosted by the use of tractors. They aid in automating labour-intensive activities such as ploughing, seeding, and reaping.

Reduced Labor Costs: Mechanization also enables the farmers to cut down on labor costs, leading to better profits.

Timely Completion of Tasks: The use of tractors ensures timeliness in agricultural operations. This is especially vital due to a shortage of manpower caused by weather conditions.

Improved Crop Yield: Precision farming is achievable through tractors that enhance the quality of their crops and quantity.

Tractor Loan Eligibility Criteria

The eligibility criteria for tractor loans vary from lender to lender, but some common requirements include:

Indian Citizenship: An applicant for this position in India must have been either a citizen of India or a resident of India.

Age Requirements: The age of the applicants should be within the stipulated ages, for example, 18-65 years.

Land Ownership: Many a time, a lender is required to grant a good acreage of the land as a security against the debts.

Credit History: Creditworthiness entails an analysis of the existing credit history, whereby a bad one reduces the possibility of a loan and vice versa.

Income Proof: They should present reliable proof that they have been consistently generating agricultural income or other sources of livelihood.

Tractor Loan Process

The tractor loan process generally involves the following steps:

Loan Application: Fill in the loan application form properly, including the relevant required documents, and submit them.

Document Verification: For instance, the lender may confirm whether the documents are genuine to validate the identity of an agent. Additionally, they verify ownership of the land and the source of income.

Credit Assessment: The lender will assess the borrower’s creditworthiness based on the previous credit performance.

Loan Approval: Creditworthiness, including the eligibility criteria, is assessed by the lender to determine whether to accept the loan or not.

Loan Disbursement: Upon approval of the loan, the accepted sum is directly transferred to the applicant’s account. Furthermore you can calculate the tractor EMI with the Tractor Loan EMI Calculator.

[financelatestnews]

20 Most Profitable Wholesale Business Ideas in India for 2023

People who have business ideas also have the vision to see the reward. Risk and reward go hand in hand. However, one common foundation of all business ideas is to decide what to promote or market and how. With a diverse country like ours, one can find potential in unending products and services. One needs to identify a good idea for business, and also the ways to offer it correctly. One needs to do constant research, develop strategies, price the product well, find the right audience, maintain quality standards, profitability, etc. But the epicentre will always be the product or service that is chosen. 

One such area is wholesale business with abysmal potential. Wholesale Business ideas are one of the most profitable options available in India. This is a setup where the goods reach consumers from a chain of suppliers. This creates business opportunities for wholesalers. Manufacturers sell the products to wholesalers at a slightly lower rate. Wholesalers, in turn, sell the same products to retailers at a higher price. The opportunity to make the money in between makes wholesale business ideas worth it. 

We have listed the 20 best wholesale business ideas to start: 

1. Wholesale in Textiles

Textile tops the list of wholesale business ideas. It’s not only a lucrative business segment, but it also offers versatility. There is a wide range of products available like thread, fabric yarns, home furnishing, readymade garments, footwear, accessories, etc. This variety creates a huge opportunity for profits. One needs to have knowledge of the textile industry before starting. 

2. Agrochemical Business

India is a country that largely depends on agriculture and hence agriculture can be one of the best wholesale businesses to start. Selling equipment used in agriculture can be highly profitable. Also, users are always keen on using the latest technology that is being used in agriculture. The range is from fertilizers to pesticides to organic seeds to heavy built machinery like tractors.

3. Jewellery Wholesale Business

Jewellery business is a capital intensive business. The market is a niche for jewellers but it attracts loyal and dedicated customers. Clients will keep coming back if they like the designs and quality.

Must Read: 20 Best Side Business Ideas for Women

4. Furniture Wholesale Business

Furniture is a must in all households. Metros have numerous flats and private houses coming up. This rise promotes furniture business, which can give wonderful returns too. 

5. Organic Food Wholesale Business

Organic food is receiving unprecedented interest as everyone wants to maintain a healthy lifestyle. Organic products are sold offline as well as online. Manufacturers are looking for distributors to reach every town to sell their products. Targeting the wholesale market of organic food can give local and international opportunities.

6. Ayurveda Products Wholesale Business

Ayurveda is a preferred option by many as it offers chemical-free products. One believes that Ayurveda products are harmless, making this business fruitful. There are a variety of Ayurveda products that are sold as wholesale with correct pricing and discounts.

7. Stationary Wholesale Business

Wholesale business of stationary can be profitable as the demand does not drop. Educational institutions and corporate constantly need them. It is not a high capital investment. This business can also offer innovative products. The return on this business is huge if one has the right connections with the correct retailers.

Must Read: 20 Types of Business Loans in India

8. Children’s Toys Wholesale Business

This is one of the biggest markets in recent times and is expected to grow bigger. Consumers are looking for unique and interesting toys. Importing toys abroad is also a wholesale idea that one can pursue and expect good returns. Moreover, the Indian government is also promoting this industry and has been providing ample benefits which you could take advantage of.

9. Kitchen Utensils Wholesale Business

Some of the kitchen essentials are going through innovation, which rises demand. This includes basic utensils like frying pans, cookers, dishes, etc.

10. Snacks Distribution Wholesale Business

Food is a large market in India with limitless opportunities. People carry snacks while commuting and store all types of snacks at home. Our country is full of snack corners, which are the highlight of the localities. Wholesaling snacks from far-off places, packaging them and ensuring that they reach every nook and cranny falls under distribution business.

11. Medical Equipment Wholesaler:

The requirement of medical equipment has grown manifold in recent times and is one of the most profitable ventures. With the government’s increased level of spending on healthcare infrastructure and increased level of spending on healthcare by people, the medical equipment business is a good business to start with. 

12. Safety and Security Products:

Safety and security of lives and assets is a prime concern of every individual and business enterprise. You can consider setting up business related to safety and security equipment like CCTV surveillance systems, fire-fighting equipment, protective equipment, X-ray baggage and metal scanners etc.

13. Electrical Appliances:

Setting up a business related to selling white good products of leading brands is a very profitable business venture. This is a rapidly growing sector and one can differentiate their business from others by offering quality products and prompt service, which the customer always looks for. 

14. Beauty Products:

Compared to earlier days, people nowadays are concerned about their personal wellness and beauty. And, going with the trend, many companies have launched products that fill the gap in this segment, like fragrances, hair care, bathing products, male shaving products, etc. The segment is witnessing huge growth in the recent past. 

15. Building and Construction Items:

With the prevailing low-interest rate on housing loans and the government’s push towards affordable housing, dealing in building and construction items has become more profitable. Upon that, increasing people’s preference towards certain brands and use of different grades of construction material is making it an attractive business idea. 

16. Gifts & Handicrafts Business:

It’s an emerging business model that offers a lot of growth potential. For example, setting up corporate gifting solution companies or dealing in the handicraft market that has huge demand in the overseas markets can give you a handsome return on your investments. 

17. Automobile Products Wholesaler:

Dealing in automobile spare parts, accessories, vehicle merchandise are very profitable businesses. With a growing number of cars and bikes on roads in India and people’s growing appetite for custom design auto products in order to stop depending on public transport, especially after the COVID-19 pandemic, the automobile products business has witnessed huge growth in the recent past.

18. Glassware Wholesale Business:

The glassware business is now not just limited to cutlery and crockery sets, but has expanded to office spaces too. The use of specialised glasses in offices and buildings has increased a lot in recent times and has become a full-fledged and profitable business. 

19. Rubber and Latex Business:

India is the second-largest producer of natural rubber and is also the biggest consumer of rubber. This provides a giant market for any wholesaler and business dealing in rubber. In India, rubber is mostly consumed by the automotive industry, footwear, pharmaceutical industry, etc. 

20. Wholesaler of Grains:

The demand for quality grains is continuously growing up around the world. This provides a unique opportunity to set up a business around sourcing quality grains from producers states and farmers and getting them distributed in the market. And, this business will continue to witness demand for the years to come.

We have seen the best wholesale business ideas above. Business loans at attractive rates allow people to achieve their business dreams. The past few years have experienced tremendous growth in personal loans. Business loan interest rates at Fullerton India and fees are customized to suit clients’ profiles and needs. Before applying, please ensure that you go through our Business loan eligibility criteria for a better understanding.

Fullerton India welcomes self-employed individuals, proprietors, private limited companies, and partnership firms, individuals in current business for at least three years with a total of five years of business experience. MSME loans also are a rising segment. To be eligible for a business loan at SMFG India Credit, applicants should be a minimum of 22 years of age and a maximum of 65 years of age at the time of maturity of the loan. Fullerton India understands that borrowing for business is a stepping stone to the achievement of big dreams.

Source URL: https://www.smfgindiacredit.com/knowledge-center/best-wholesale-business-ideas.aspx

[gaadi]

Top Tractor Companies in India- KhetiGaadi

A tractor is a powerful agricultural vehicle designed to provide efficient traction and power for various farming operations. It typically consists of a large engine, sturdy chassis, and durable wheels or tracks for navigating rough terrains. Tractors are equipped with a wide range of implements, including plows, harrows, seeders, and sprayers, which enable farmers to perform tasks such as tilling the soil, planting seeds, applying fertilizers, and spraying pesticides. Modern tractors often incorporate advanced technologies like GPS guidance systems, automated controls, and precision farming capabilities, enhancing productivity and reducing labor requirements. With their versatility and adaptability, tractors have become indispensable tools in modern agriculture, revolutionizing farming practices worldwide. 

Top 2 Companies in India  

Mahindra Tractors   

Mahindra Tractors is a leading manufacturer of agricultural tractors based in India. With a wide range of models and power options, Mahindra Tractors offers reliable and efficient machines for farming and other agricultural activities. They are known for their durability, versatility, and advanced features to meet the needs of farmers worldwide. 

Why Choose Mahindra Tractors 

Excellent fuel efficiency: Mahindra Tractors are equipped with DI (Direct Injection) engines known for their high fuel efficiency. This helps farmers save on fuel costs while maximizing productivity. 

 Dual-purpose functionality: Mahindra Tractors are designed to serve multiple purposes. They are not only suitable for farming operations but also for haulage tasks. This versatility makes them a reliable choice for a wide range of agricultural needs. 

 Affordable maintenance: Mahindra Tractors offer affordable maintenance costs without compromising on quality. The company strives to strike a good balance between the price of their tractors and the benefits they provide, ensuring that farmers get value for their money. 

 Best finance options: Mahindra Tractor provides attractive finance options to customers. They offer the highest loan LTV (Loan to Value) ratio among all tractor brands in India. This makes it easier for farmers to finance their tractor purchase and manage their finances effectively. 

 Easy availability of parts: Mahindra Tractors prioritize maximum uptime for their customers. They ensure that tractor parts are readily available, minimizing downtime in case of any repairs or maintenance. This accessibility of parts helps farmers keep their tractors in optimal working condition and reduces productivity losses. 

Messey Ferguson  

Massey Ferguson is a renowned agricultural machinery brand that specializes in manufacturing tractors, harvesting equipment, and agricultural implements. Established in 1958, the company has a strong global presence and is known for its durable and reliable machinery. Massey Ferguson products are widely used in farming operations around the world. 

Why Choose Messey Ferguson? 

Quality and Durability Massey Ferguson is known for manufacturing robust and durable machinery that can withstand demanding agricultural conditions. Their equipment is built to last and has a reputation for high-quality construction, ensuring longevity and minimizing downtime. 

Innovative Technology: Massey Ferguson consistently invests in research and development to incorporate the latest technological advancements into their machinery. They strive to improve efficiency, productivity, and precision through features such as advanced electronics, integrated automation, and telematics. 

Versatility: Massey Ferguson offers a wide range of agricultural machinery, including tractors, combines, hay and forage equipment, and more. Their product lineup caters to various farming operations and can be adapted to different tasks and field conditions. 

Visit our page for more information about Tractor, Agricultural tools, Tractor Price and Tractor Videos. 

[mlsi9]

Quiklyz Partners with Leading Last Mile Mobility Players for EV Leasing

Quiklyz signs MOUs with five Last Mile Mobility players to deliver 1000 electric 3-wheelers

Deliveries to be completed in 6 months, pan India

Vehicles to be used for delivery & logistics

Mumbai, 23rd November 2022: Quiklyz, the vehicle leasing and subscription business of Mahindra & Mahindra Financial Services Limited (Mahindra Finance/ MMFSL), has signed MOUs with prominentLast Mile Mobility players for leasing over 1000 electric 3-wheelers (3W). Quiklyz plans to deliver these leased vehicles over the next six months, spread across India deliveries, opening up newer opportunities in EV leasing.

The MOUs have been signed upwithMahindra Logistics Limited, MoEVing Urban Technologies Pvt Ltd., Creativity at Best Technologies Pvt. Ltd., Magenta EV Solutions Pvt Ltd. and, Terrago Logistics Pvt Ltd. The signing was done on the sidelines of the launch of Mahindra Electric’s Zor Grand in Bengaluru recently.

The three-wheeler electric vehicles will be used primarily for delivery and logistics purposes.

Raul Rebello, COO, Mahindra Finance said, “India’s transition to EV has accelerated in the last few years which has given a major boost to the Indian EV financing ecosystem. With these recent partnerships our aim is to be early adopters of this disruptive technology, our way of contribution in India achieving its goal of becoming carbon-neutral by 2070”.

Shailesh Kumar – Director, CABT logistics mentioned, “We started our journey with Quiklyz four months ago and were delighted with our experience as a client. With this MOU we commit to strengthen this relationship further with the ease of flexibility leading to business growth for both the organisations and our environment at large”.

Mohammad Turra, Senior VP & Head, Quiklyz added, “We continue to deliver on our commitment in providing innovative leasing solutions to popularize Electric Vehicles in India across segments and are delighted to partner with leading players in last mile space. With due consideration to the growing e-3W segment and the increasing focus on green mobility, it will be our continuing endeavor to work closely with stakeholders in the sustainable mobility space”.

Quiklyz has already provided leasing solutions to over 1000 electric vehicles over the last 12 months including passenger vehicles and three-wheelers. It currently has the largest portfolio of EVs in Last Mile Mobility on its leasing and subscription platform; in collaboration with major EV manufacturers. Quiklyz has been a front-runner in promoting leasing solutions for logistics and last mile e-mobility across the Indian metro cities through continuous collaborations with prominent e-commerce companies.

Quiklyz has partnered with more than 15 electric last mile mobility delivery companies and several electric mobility providers since its inception. The platform has leased electric vehicles across cities including Mumbai, Bengaluru, Chennai, Delhi, Hyderabad, Pune,  Noida, Gurugram, Indore and Nagpur.

About Mahindra & Mahindra Financial Services Limited

Mahindra & Mahindra Financial Services Limited (Mahindra Finance), part of the Mahindra Group, is one of India’s leading non-banking finance companies. Focused on the rural and semi-urban sector, the Company has over 8.4 million customers and has an AUM of over USD 11 Billion. The Company is a leading vehicle and tractor financier, provides loans to SMEs and also offers fixed deposits. The Company has 1,386 offices and reaches out to customers spread over 3,80,000 villages and 7,000 towns across the country.

Mahindra Finance has been ranked 54th among India’s Best Companies to Work 2021 by Great Place to Work Institute.

Mahindra Insurance Brokers Limited (MIBL), the Company's Insurance Broking subsidiary is a licensed Composite Broker providing Direct and Reinsurance broking services.

Mahindra Rural Housing Finance Limited (MRHFL) a subsidiary of Mahindra Finance provides loans for purchase, renovation, construction of houses to individuals in the rural and semi-urban areas of the country.

Mahindra Finance CSR Foundation is a wholly owned subsidiary company, under the provisions of section 8 of the Companies Act, 2013 for undertaking the CSR activities of the Company and its subsidiaries.

Mahindra Manulife Investment Management Private Limited (formerly known as Mahindra Asset Management Company Private Limited) acts as the Investment Manager of Mahindra Manulife Mutual Fund (formerly known as Mahindra Mutual Fund).

Mahindra Manulife Trustee Private Limited (MMTPL), (formerly known as Mahindra Trustee Company Private Limited) acts as a Trustee to Mahindra Manulife Mutual Fund (formerly known as Mahindra Mutual Fund).

Mahindra Ideal Finance Limited (MIFL) is a subsidiary of the Company in Sri Lanka, in which the Company owns 58.2% stake. MIFL focuses on providing a diversified suite of financial services to the Sri Lankan market.

The Company has a Joint Venture in the US, Mahindra Finance USA LLC, in partnership with De Lage Landen, a subsidiary of Rabo Bank, for financing Mahindra vehicles in the US.

Learn more about Mahindra Finance on www.mahindrafinance.com / Twitter and Facebook:

@MahindraFin 

About Mahindra

Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate. 

The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to https://www.mahindra.com/news-room

[kisaantrade]

Unlocking the Potential of Agriculture B2B Trade Portals for New Startups

The agricultural sector in India is at a turning point. When India gained its independence from Britain 75 years ago, agriculture dominated the economy and accounted for more than 50% of its GDP. India continues to be one of the largest and most diverse food producers in the world, and agriculture—which accounts for more than 20% of India's income—remains a key sector of the country's economy.

However, serious issues prevent the country from reaching its full potential. If the problem could be resolved, a thriving agriculture sector would benefit the economy and greatly enhance farmer livelihoods and income. With a 50% increase from its contribution in 2020, agriculture could contribute about $600 billion to India's GDP by 2030. To get there, though, India must boost the sector's productivity and growth. Let us discuss the potential of agriculture B2B trade portals for new startups.

Indian agriculture has already benefited from Ag Tech

The number of agtech start-ups in India increased from less than 50 in 2013 to more than 1,000 by 2020, thanks to growing farmer awareness, increased internet access in rural areas, and the need for increased efficiency in the agricultural industry. 3 Additionally, the regulatory environment in India is gradually changing to support the expansion of digital technologies in agriculture.

Agtech in India is still growing, with innovations coming from both start-ups, or "agri fintechs," and major technology firms. Core companies in the value chain are using digital technologies like "super apps" to innovate and recognise the potential of agriculture B2B trade portals for new startups.

Suppliers are evolving into buyers, and financial services are being added by advisers

1) Agrochemical, fertiliser, and seed suppliers are utilising technology to develop direct-to-farmer sales channels that eschew middlemen and retailers. For instance, through its digital platform, nurture.farm, UPL (traditionally a core player in agrochemicals) offers mechanization services and agrochemicals to farmers. Additionally, the business has grown to offer market, advisory, and financing services.

2) Businesses, including banks and nonbanks, that specialize in lending money through farm and rural loans are utilising technology to better understand farmers, offer specialized products, and lower the risk of loans. As an illustration, the State Bank of India (SBI) created the YONO Krishi app to address the financial, input, and advisory needs of farmers.

3) Farm equipment retailers have begun offering mechanization as a service to farmers. Mahindra, for example, offers a tractor rental service.

4) Companies that deal with the buying, processing, or selling of agricultural goods have begun to integrate backward into the supply chain and build connections to the farmer's market. For instance, over the past 20 years, ITC, a core output player, has expanded direct-from-farm procurement using its e-Choupal network. The super app for ITC MARS has now been released. The app gives farmers access to contemporary equipment, high-quality inputs at reasonable prices, and financing through a partnership model.

Agriculture's potential B2B trade portals for emerging businesses

1) Wide Range of Customers Available: Startups have immediate access to a broad and diverse customer base made up of potential partners and customers in the agriculture sector thanks to B2B trade portals. As a result, startups are no longer required to make significant investments in creating their own customer networks from scratch.

2) Market Validation and Exposure: Startups can get important market validation and exposure for their goods or services by taking part in an agriculture B2B trade portal. They can increase their visibility and draw in potential clients by showcasing their offerings to a niche market of companies that are only interested in agricultural products.

3) Streamlined Sales and Marketing: B2B trade portals provide startups with a streamlined sales and marketing channel. For startups, they offer a centralized platform where they can create product listings, interact with potential customers, handle inquiries, and carry out transactions. This streamlines the sales procedure and enables startups to concentrate on developing relationships with customers.

4) Partnerships and Networking: B2B trade portals act as platforms for networking, bringing together startups and potential customers, suppliers, and distributors in the agriculture sector. Through these connections, startups may be able to scale their businesses and broaden their reach through valuable partnerships, collaborations, and joint ventures.

5) Reduced Time and Costs: For startups, joining a B2B trade portal for agriculture can greatly reduce the time and costs involved with entering the market. Startups can use the existing platform to reach potential customers, streamline transactions, and hasten their go-to-market strategy rather than developing their own sales infrastructure.

6) Credibility and Trust: Participating in a reputable B2B trade portal helps startups gain credibility and trust. The portal's verified profiles, product reviews, and customer ratings instill trust in prospective customers. This can assist new businesses in breaking through the initial trust barrier and establishing themselves as dependable suppliers in the agriculture sector.

Significant Obstacles for Agritech Startups

1) Information on Pre-harvest and Sowing Activities: Large businesses that rely on agricultural products want details on sowing and pre-harvest activities leading up to harvest. They also need an example of how farming communities can use technology to create benefits that last, like weather alerts on phones, advice on best farming practices, and guidance on how to deal with pest attacks.

2) A Lack of Visibility and Low Productivity: Another factor that has an impact on the agritech industry is low productivity and a lack of visibility in the supply chain. Blockchain technology and artificial intelligence are being used by many startups to address these problems.

3) Governmental Measures: Although the government has changed its agricultural policies, there is still a long way to go.

4) Lack of Commercial Guidance: Many of the existing agri-enterprises are having trouble growing their businesses past a certain point, despite experiencing some initial success. Project incubators typically offer such assistance to start-ups by assisting them with networking, building capacity, gaining access to information and resources, and other types of required expertise. Unfortunately, few of the roughly 300 incubators and accelerators currently in operation possess the knowledge and skills necessary to support farm-oriented businesses.

5) Droughts, Water Availability, and Climate Change: According to trends, the nation is concerned about disaster management, particularly when it comes to drought. To solve these issues, startups should concentrate more on cutting-edge technology.

How can Kisaan Trade assist new startups in maximising the benefits of agriculture B2B trade portals?

For new startups, Kisaan Trade can be extremely helpful in maximising the potential of agriculture B2B trade portals in the following ways:

1) Dedicated Platform for Agriculture: Kisaan Trade targets the agriculture market specifically, giving startups a dedicated space to network with potential customers, suppliers, and collaborators. Startups can benefit from the agricultural expertise and niche audience of Kisaan Trade by joining, increasing their visibility, and gaining access to pertinent opportunities.

2) Access to a Wide Customer Base: Kisaan Trade provides startups with immediate access to a large customer base made up of companies in the agriculture sector. This saves startups the time and effort of starting from scratch when creating their own customer network. Startups can reach a large audience of potential customers and improve their chances of generating sales leads by showcasing their goods or services on Kisaan Trade.

3) Increased Visibility and Branding: Kisaan Trade gives startups a platform to build a thorough profile showcasing their products, business details, and domain knowledge. The targeted audience benefits from increased visibility and brand recognition as a result. Startups can use the platform's features to highlight their distinctive selling propositions and set themselves apart from rivals, drawing in potential clients.

4) Opportunities for Networking and Collaboration: Kisaan Trade promotes networking and cooperation between start-ups and other agriculture sector participants. Startups have the opportunity to connect with potential partners, suppliers, distributors, and service providers, paving the way for fruitful partnerships and collaborations. Startups may be able to do this to increase their reach, gain access to resources, and find new growth opportunities.

5) Market Trends: Kisaan Trade might provide market trends, analytics, and insights tailored to the agriculture sector. Startups have access to information on consumer preferences, market trends, pricing dynamics, and market demands. Startups can use this information to understand the market environment, spot opportunities or gaps, and modify their strategies to meet changing customer needs.

Conclusion

In conclusion, Kisaan Trade is a useful B2B platform created especially for the agriculture sector. It functions as a specialized platform that links farmers, vendors, distributors, and other companies engaged in the agricultural industry. Businesses, especially startups, can access a wealth of advantages and opportunities by joining Kisaan Trade.

With immediate market access and exposure to potential buyers in the agriculture sector, Kisaan Trade gives startups access to a large customer base. The platform improves visibility and branding, enabling startups to present their goods or services to a specific audience and stand out from rivals.

You can reach out to us at any time with questions or for more information.

[qwertydded]

Quiklyz to Offer Widest Range of Electric Vehicles (EVs) for Leasing and Subscription in India

Quiklyz to Offer Widest Range of Electric Vehicles (EVs) for Leasing and Subscription in India

EVs (4W and 3W) from leading OEMs including Mahindra, Tata Motors, Mercedes-Benz, MG, Audi, Jaguar and Piaggio on offer

Monthly subscription fee starting at Rs 21,399 per month for electric 4W and Rs 13,549 for electric 3W load

Monthly fee covers insurance, maintenance and road-side assistance and flexibility to upgrade

Mumbai, January 12, 2022: Quiklyz, the vehicle leasing and subscription business vertical of Mahindra & Mahindra Financial Services Limited (Mahindra Finance/ MMFSL), today announced that it will offer the widest range of electric vehicles (EVs) for leasing and subscription to potential customers. Quiklyz is a new-age digital born vehicle leasing and subscription platform that offers great convenience, flexibility, and choice to customers across Indian cities.

Quiklyz currently has the largest portfolio of EVs on the subscription platform. The portfolio spans across electric 4W from the leading OEMs offering electric vehicles including Mahindra, Tata Motors, Mercedes-Benz, MG Motors, Audi, and Jaguar as well as electric 3W load vehicles from Mahindra and Piaggio for e-commerce fleet operators.

Customers will have the flexibility to upgrade their vehicle in 2-3 years keeping in tune with ever increasing technology features in newer EV launches going forward.

The EVs on-road price is currently higher than petrol and diesel vehicles, although the running cost is much lower. The customers intending to purchase EV vehicles through bank loans therefore must pay very high down payment. However, with Quiklyz there is no requirement for down payment, and monthly subscription charges for EV 4W starts from as low as INR 21,399 / per month.

Turra Mohammed, SVP & Business Head – Quiklyz mentioned, “As the world is moving on from conventional fuels to alternative sources of energy for powering transport, electric vehicles are emerging as a popular choice among the planet conscious customers. Quiklyz will continue to focus on EVs and will create an exciting platform for customers to have access to EVs in an affordable and hassle-free manner. All of this will be in keeping with India’s commitment to become carbon-neutral by 2070”.

Quiklyz is also the leading provider for subscription of Electric 3Ws used in last mile delivery by e-commerce companies. Suman Mishra - CEO Mahindra Electric added, “Leasing & Subscription is becoming an important channel for our Electric 3W specifically in load segment to new age enterprises. We look forward to continuing working with Quiklyz to provide such innovative financing solutions for our customers”.

The company plans to add more EVs in its portfolio, as it aims to create exciting EV subscription products for its customers. Quiklyz’s vehicle subscription model ensures that there’s no risk or uncertainty about maintenance, battery life, resale value, etc. when it comes to adopting a new technology

The customers can access various offerings and book their dream vehicle on Quiklyz.com. The website will facilitate an extremely simple vehicle booking and delivery journey for the customer. Additionally, customers can also reach out to Quiklyz over email at quiklyz.service@mahindra.com or call at 1800-209-7845 for support.

About Mahindra & Mahindra Financial Services Limited

Mahindra & Mahindra Financial Services Limited (Mahindra Finance), part of the Mahindra Group, is one of India’s leading non-banking finance companies. Focused on the rural and semi-urban sector, the Company has over 7.3 Million customers and has an AUM of over USD 11 Billion. The Company is a leading vehicle and tractor financier, provides loans to SMEs and also offers fixed deposits. The Company has 1,388 offices and reaches out to customers spread over 3,80,000 villages and 7,000 towns across the country.

Mahindra Finance has been ranked 54th among India’s Best Companies to Work 2021 by Great Place to Work Institute.

Mahindra Insurance Brokers Limited (MIBL), the Company's Insurance Broking subsidiary is a licensed Composite Broker providing Direct and Reinsurance broking services.

Mahindra Rural Housing Finance Limited (MRHFL) a subsidiary of Mahindra Finance provides loans for purchase, renovation, construction of houses to individuals in the rural and semi-urban areas of the country.

Mahindra Finance CSR Foundation is a wholly-owned subsidiary company, under the provisions of section 8 of the Companies Act, 2013 for undertaking the CSR activities of the Company and its subsidiaries.

Mahindra Manulife Investment Management Private Limited (formerly known as Mahindra Asset Management Company Private Limited) acts as the Investment Manager of Mahindra Manulife Mutual Fund (formerly known as Mahindra Mutual Fund). On 29th April, 2020 Mahindra Finance divested 49% stake in its wholly-owned subsidiary, Mahindra Manulife Investment Management Private Limited to Manulife Investment Management (Singapore) Pte. Ltd., to form a 51:49 joint venture.

Mahindra Manulife Trustee Private Limited (MMTPL), (formerly known as Mahindra Trustee Company Private Limited) acts as a Trustee to Mahindra Manulife Mutual Fund (formerly known as Mahindra Mutual Fund). On 29th April, 2020 Mahindra Finance divested 49% stake in its wholly-owned subsidiary, Mahindra Manulife Trustee Private Limited to Manulife Investment Management (Singapore) Pte. Ltd. to form a 51:49 joint venture.

The Company has a Joint Venture in the US, Mahindra Finance USA LLC, in partnership with De Lage Landen, a subsidiary of Rabo Bank, for financing Mahindra vehicles in the US.

Ideal Finance Limited (Ideal Finance) is a subsidiary of the Company in Sri Lanka, in which the Company owns 58.2% stake. Ideal Finance focuses on providing a diversified suite of financial services to the Sri Lankan market.

Learn more about Mahindra Finance on www.mahindrafinance.com / Twitter and Facebook: @MahindraFin

About Mahindra

Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate. 

The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to https://www.mahindra.com/news-room