Kathmandu. Global IME Bank and Floriculture Association Nepal have signed a memorandum of understanding for the use of greenhouse technology in floriculture and ornamental crop production and development of easy loan system.

The agreement was signed by Ashim Karmacharya, head of infrastructure and project financing of the bank and Rajesh Bhakta Shrestha, president of Floriculture Association Nepal. As per the agreement, the bank will provide special greenhouse loan targeting floriculture entrepreneurs and farmers. Also, Floriculture Association Nepal will provide information to its members about the Bank’s Agricultural Credit Scheme.

It will help in increasing floriculture and productivity of entrepreneurs and farmers, promotion of greenhouse technologies, development of quality infrastructure and enhancement of services. The collaboration is expected to motivate floriculture entrepreneurs and farmers to adopt climate resilient practices, sustainable business practices and modern technology.

The partnership between the bank and Association of Nepal is believed to facilitate expansion of financial access to floriculture entrepreneurs and entrepreneurs to invest in greenhouse technology and increase the production and productivity of floriculture and ornamental plants.