Global IME, Bhandara Milk sign MoU

By A Staff Reporter

Kathmandu, Sept 5 : Global IME Bank Limited and Bhandara Milk Producers Cooperatives have signed a memorandum of understanding (MoU) to increase the access of small farmers to agricultural subsidy loans.

The MoU was signed by Deputy Chief Executive Officer of the bank, Surendra Raj Regmi, and Chairman of Bhandara Milk Producers Cooperative Society, Dilli Prasad Thalia.

According to the agreement, the bank will provide concessional loans to the farmers who raise advanced breed cows and buffaloes and produce milk and dairy products in various places in the Bhandara and Chitwan districts on the recommendation of the cooperatives, while the cooperative organization will arrange necessary training for small farmers on the recommendation of the bank.

On that occasion, GIBL also conducted an awareness program on financial literacy to connecting local farmers to the benefits of digital banking services. The program was attended by more than 300 locals, said the bank in a statement.

GIBL has 289 branches, 272 ATMs, 275 branchless banking services, 52 extension and revenue collection counters, and 3 banks in all 7 provinces and 77 districts. It is providing services to more than 3 million customers from about 890 service centers including foreign representative offices.