On the auspicious occasion of Ganesh Chaturthi, Tripura Gramin Bank (TGB) and Ashok Leyland, one of India’s leading commercial vehicle manufacturers, entered into a strategic partnership by signing a Memorandum of Understanding (MoU) at the bank’s Head Office in Agartala.
The MoU signing ceremony was graced by several key dignitaries, including Mr. Satyendra Singh, Chairman of Tripura Gramin Bank; Mr. Anup Kumar Saha, General Manager of Tripura Gramin Bank; Mr. Kapil Pandya, Retail Head of Ashok Leyland; Mr. Chinmoy Das, Regional Dealer Development of Ashok Leyland; and Mr. Gautam Rajkhowa, Regional Manager of Ashok Leyland.
Strengthening Financial Inclusion and Rural Development
Speaking at the event, Mr. Satyendra Singh, Chairman of Tripura Gramin Bank, highlighted that this collaboration represents a major milestone in the bank’s continuous journey toward financial inclusion. He emphasized that the partnership with Ashok Leyland would provide accessible and affordable financing solutions for commercial vehicles, enabling customers, small businesses, and entrepreneurs across Tripura to expand their ventures.
“Tripura Gramin Bank has always been committed to empowering rural communities by ensuring that banking services reach every corner of the state. With this collaboration, we aim to provide convenient vehicle financing options that will help individuals and businesses realize their aspirations. It is not just about finance; it is about creating opportunities,” Mr. Singh said.
Driving Economic Growth and Employment
The MoU goes beyond financial cooperation, embodying a shared vision of stimulating economic growth, generating employment opportunities, and enhancing rural connectivity in Tripura. Commercial vehicles, particularly in a developing state like Tripura, play a vital role in improving logistics, transportation, and small-scale industries.
With Ashok Leyland’s trusted range of vehicles and Tripura Gramin Bank’s financing support, entrepreneurs, transporters, and self-employed individuals will now find it easier to purchase vehicles and grow their businesses. This, in turn, is expected to strengthen the state’s rural economy and contribute to sustainable development.
Gratitude and Future Outlook
Expressing optimism about the collaboration, Mr. Singh extended his gratitude to the Ashok Leyland leadership team. “On behalf of Tripura Gramin Bank, I extend my heartfelt thanks to Ashok Leyland for their trust and cooperation. Together, we are confident of building a strong, impactful, and enduring relationship that will not only serve the people of Tripura but also contribute to the growth of our economy,” he said.
The dignitaries from Ashok Leyland also expressed confidence that the partnership would pave the way for financial empowerment of small entrepreneurs and transport operators. The synergy between a regional financial institution like TGB and a national automobile giant like Ashok Leyland underscores a model partnership for inclusive growth.
About Tripura Gramin Bank
Tripura Gramin Bank (TGB) is a leading regional rural bank dedicated to providing accessible banking and financial services to the people of Tripura. With a strong focus on financial inclusion, TGB has been instrumental in supporting rural entrepreneurship, self-help groups, and small-scale businesses, making significant contributions to the socio-economic development of the state.
About Ashok Leyland
Ashok Leyland, headquartered in Chennai, is one of India’s most respected names in the commercial vehicle industry. With a legacy of over seven decades, the company manufactures trucks, buses, and defense vehicles, and has a strong presence across domestic and international markets. Known for reliability and innovation, Ashok Leyland has been a trusted partner for entrepreneurs and businesses seeking durable transportation solutions.
Conclusion
The MoU between Tripura Gramin Bank and Ashok Leyland marks a new chapter in Tripura’s economic and social development journey. By joining hands, the two institutions are set to empower entrepreneurs, improve rural mobility, and create new livelihood opportunities across the state.
This partnership is a strong reflection of how finance and industry collaboration can drive inclusive growth, making a real difference in the lives of people and the overall economy of the region.