Agriculture is the backbone of Nepal’s economy. Still more than half of the population rely on agriculture for livelihood and also contribute significantly to the nation’s GDP. Despite being an agricultural country Nepal is also heavily dependent on importing agricultural products.
Though it is an essential sector, the agriculture sector is hit by some issues such as low productivity, poor access to advanced agricultural technology, shortage of fertilizers and seeds and lack of sufficient financial resources. Being one of the leading commercial banks of Nepal, Global IME Bank is playing a pioneering role towards empowering the farmers and Nepal’s agriculture sector through Agriculture Financing (Global Krishi Karja).
Global IME Agriculture Loan (Global Krishi Karja)
The Global IME Krishi Karja is a special loan product specially designed for farmers or agricultural entreprenures. Whether it’s for crop cultivation, livestock farming, or agri-business expansion, this loan offers flexible financing options to ensure growth and sustainability in the agricultural sector. The loan can be used for various agricultural purposes like cultivation, livestock, irrigation construction, fisheries, making cold storage, slaughter house construction etc . Banks also encourage organic certified agriculture production.
Key Features of the Krishi Karja
The Global IME Krishi Karja offers farmer-friendly features:
- Competitive Interest Rates: The bank offers affordable rates, making it cost-effective.
- Flexible Repayment Tenure: Flexible repayment option available.
- Minimal Documentation: The loan process is simple and straightforward requiring only a few documents.
- Fast Processing: Bank prioritizes quick processing and approvals, ensuring farmers get funds when they need them most.
- Available in all branches: Available at all branches, which makes hassle free.
- Agri Advisory Service: Bank not only provides loans but also provides agri advisory and technical consultation.
Eligibility and Required Documents
The eligibility criteria include:
- Individuals involved in agriculture
- Business registration certificate in case of businesses
- Land ownership proof or lease agreement (if applicable)
- A satisfactory credit history
The required documents includes:
- Citizenship certificate
- Land ownership documents (if using as collateral)
- Business plan (for commercial farming)
- Tax clearance (if applicable)
- Bank Account Statements (last 6 months of borrower/farm business).
How to Apply for Global IME Bank’s Agriculture Loan?
Visit the nearest Global IME Branch.
Consult a loan manager about eligibility and documents verification.
Fill the necessary forms with all necessary documents and submit them.
Once submitted, wait for the approval.
After approval, the loan amount will be disbursed on your account.
For more information contact customer’s support.
Why Choose Global IME Bank for Agriculture Loans?
- Farmers Friendly scheme
- Fast processing and flexible repayment tenure
- Wide Coverage (farming crops, livestock, irrigation, fisheries, cold storage)
- Agricultural Consultation
Conclusion
Global IME Bank’s Agriculture Loan can be a great financial support for a Nepali farmers and agriculture entrepreneurs. With Global IME Krishi Karja they can expand their agriculture, invest in modern equipment, and manage agribusiness. This not only helps to empower farmers but also helps to contribute to the nation’s GDP.
Start your agri journey with Global Krishi Karja and get started with your agri business today.
FAQs
What is the maximum loan amount one can get under Global IME Krishi Karja?
One can get maximum upto 10 million depending on eligibility and loan purpose.
What is the interest rate for agriculture loan in Nepal?
Interest rates are competitive and depend on the loan types, amount and tenure. For more visit https://www.globalimebank.com/interest-rates.
How long does it take to approve a loan from Global IME Bank?
Usually it takes 3 working days after the documents are fully submitted.
What types of agricultural activities are eligible for agriculture loan?
Almost all agriculture activities like Farming, livestock, poultry, fishery, agro-business, floriculture, irrigation, cold storage and more are eligible for this loan.
Can small-scale farmers apply for agriculture loan?
Yes, Loans are designed to support both small and large projects in Nepal.
Is collateral required for getting agriculture loan?
Yes, collateral is required depending on loan amount and purpose of loan. Usually land and fixed assets are accepted as collateral for agriculture loan.
