Global IME Bank to Provide Greenhouse Loans for Floriculture

22nd December 2025, Kathmandu

In a landmark step toward modernizing the agricultural landscape of Nepal, Global IME Bank Limited has entered into a strategic partnership with the Floriculture Association Nepal. The two entities have signed a comprehensive memorandum of understanding aimed at promoting the adoption of advanced greenhouse technology among flower growers and ornamental plant producers. This initiative is designed to solve one of the most significant hurdles in the floriculture industry which is the lack of easy and accessible credit for high tech infrastructure. As Nepal moves toward the end of 2025, such collaborations are vital for transitioning traditional farming into a sustainable and climate resilient commercial enterprise.

Global IME Greenhouse Loans

The agreement was formally executed by Ashim Karmacharya, who leads the Infrastructure and Project Financing division at Global IME Bank, and Rajesh Bhakta Shrestha, the President of the Floriculture Association Nepal. This synergy between a leading financial institution and a specialized professional body ensures that the technical needs of the farmers are matched with appropriate financial products. Through this cooperation, the bank will roll out specialized greenhouse loans while the association will act as a bridge, educating its vast network of members about the benefits and requirements of these new agricultural loan schemes.

TRANSFORMING FLORICULTURE THROUGH TECHNOLOGY AND CREDIT

The floriculture industry in Nepal has seen steady growth over the last decade, with ornamental plants and loose flowers gaining high market demand. However, the production often suffers from seasonal fluctuations and climate related risks. The introduction of the Greenhouse Loan by Global IME Bank is expected to bring several transformative changes to the sector:

Increased Productivity: Greenhouse technology allows for a controlled environment, which leads to higher yields and year round production of high value flowers like roses, gerberas, and carnations.

Climate Resilience: By using greenhouses, farmers can protect their delicate crops from extreme weather events, which are becoming more frequent due to climate change.

Quality Infrastructure: The credit facility will enable farmers to invest in quality materials and automated irrigation systems, ensuring that the final products meet international quality standards.

Sustainable Business Models: The partnership encourages the use of eco friendly technologies, helping floriculture entrepreneurs build long term, profitable, and sustainable ventures.

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FINANCIAL TERMS AND ACCESSIBILITY OF AGRICULTURAL LOANS

While specific interest rates for the greenhouse loan often depend on the base rate and risk profile of the borrower, Global IME Bank has been known for offering competitive rates in its green financing portfolio. For instance, its related Green SME and Krishi Karja products have featured rates ranging from approximately 6.99 percent to 8.99 percent for fixed term periods. These loans are designed with the seasonal nature of agricultural income in mind, often offering flexible repayment options such as quarterly interest payments or customized EMI structures that align with the harvest cycles of the flowers.

The Floriculture Association Nepal will play a key role in simplifying the documentation process by providing technical recommendations for its members. This ensures that even small scale farmers can access the funds needed to upgrade from traditional open field farming to modern protected cultivation. The expansion of financial access is particularly important for the youth and returnee migrants who are increasingly looking at floriculture as a viable professional career in Nepal.

GLOBAL IME BANK RECORD OF EXCELLENCE AND NATIONAL REACH

Global IME Bank is not just a leader in agricultural financing; it is one of the most decorated financial institutions in the country. The bank has built a legacy of trust and innovation, which has been recognized by prestigious international bodies. Some of its notable accolades include being named the Bank of the Year in 2014 and receiving the Best Internet Bank title in 2016. More recently, in 2024 and 2025, it has been honored with the Best Bank Nepal award from both Euromoney and Global Finance.

The recognition of the bank as the Best Bank for ESG in Nepal for 2024 highlights its commitment to Environmental, Social, and Governance principles. The Greenhouse Loan for floriculture is a practical application of this ESG commitment, as it promotes sustainable agriculture and supports the livelihoods of thousands of rural families. Global IME Bank holds the distinction of being the first private sector commercial bank to establish a branch presence in all 77 districts of Nepal, ensuring that its green financing products reach every corner of the nation.

CONNECTING NEPAL TO THE WORLD THROUGH REMITTANCE AND SERVICES

Beyond its domestic operations, Global IME Bank serves as a vital link for the Nepalese diaspora through its extensive remittance network. In 2025, the bank continues to facilitate the secure flow of funds from countries including the United States, United Kingdom, Canada, Australia, Malaysia, South Korea, Japan, and several Middle Eastern nations like Saudi Arabia, Qatar, and the UAE. These remittance inflows are crucial for the economy of Nepal and provide many families with the capital needed to invest in small businesses like floriculture nurseries.

The bank current service network is impressive, consisting of over 1000 service points nationwide. This includes 352 full service branch offices, 384 ATMs for 24/7 convenience, and 150 branchless banking units that bring essential services to the doorsteps of rural residents. Additionally, the bank maintains three foreign representative offices to provide dedicated support to Nepalis living and working abroad. This vast infrastructure ensures that whether a customer is looking for a greenhouse loan in a remote district or sending money from overseas, the bank is always within reach.

CONCLUSION AND THE FUTURE OF GREEN FARMING

In conclusion, the memorandum of understanding between Global IME Bank and the Floriculture Association Nepal represents a significant leap toward a greener and more prosperous agricultural sector. By combining specialized technical knowledge with accessible credit, this partnership is set to unlock the potential of Nepalese floriculture on a global scale. As more farmers adopt greenhouse technology, Nepal could soon see a reduction in flower imports and a significant increase in exports to neighboring markets.

For More: Global IME Greenhouse Loans