Jinan-gun, Apply for Returning Farmer Startup Funds by the 7th of Next Month~

Second Half Year Startup Fund Loan Support Application Reception

[Asia Economy Honam Reporting Headquarters Reporter Go Dallyeong] Jinangun, Jeonbuk Province, is accepting applications for the second half of the year for the Returning Farmers' Agricultural Startup and Housing Purchase Support Project until July 7.

The Returning Farmers' Agricultural Startup and Housing Purchase Support Project is a loan support program for agricultural startups (such as farmland purchase and greenhouse construction) and housing purchase to help returning farmers and non-agricultural residents in rural villages settle stably in rural areas.

The project provides low-interest loans based on the credit and collateral of the project recipients, and the government budget supports the difference between the loan interest rate and the low interest rate as an interest subsidy project.

Eligibility requires applicants to be household heads aged 65 or younger as of the application year (born after January 1, 1954), who have lived in urban areas for more than one year and have moved to Jinangun within the last five years, and must have completed more than 100 hours of returning farming and farming education.

Additionally, non-agricultural residents living in rural areas without farming experience in the past five years are also eligible to apply. Candidates will be selected through in-depth interview evaluations based on criteria such as the appropriateness and feasibility of the business plan, motivation for farming settlement, and adequacy of the loan repayment plan.

If selected as a project recipient, agricultural startup funds up to 300 million KRW and housing purchase funds up to 75 million KRW can be loaned at an annual interest rate of 2%, with a grace period of 5 years and equal principal repayments over 10 years.

Applications can be submitted in person at the Population Policy Team of the Planning and Audit Office at Jinangun Office. Detailed information can be found by accessing the Jinangun Office website.

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