Chungnam to Distribute Second Round of Farmers and Fishermen Subsidies This Month, Totaling 63.2 Billion Won
[Asia Economy (Hongseong) Reporter Jeong Il-woong] Chungnam Province will pay the second round of the farmers and fishermen allowance this month.
The province announced on the 17th that it will pay the remaining 63.2 billion KRW of the "2020 Chungnam Farmers and Fishermen Allowance" to about 160,000 farming and fishing households in the region within this month.
For households that received the first allowance (450,000 KRW) between May and June, 350,000 KRW will be paid, and 8 billion KRW will be paid to newly applied, omitted households, and aquaculture households.
This measure follows the increase of the farmers and fishermen allowance from 600,000 KRW to 800,000 KRW in June, with the unpaid portion secured through a supplementary budget.
Reflecting this, the total project budget for the farmers and fishermen allowance this year has increased to 128 billion KRW, and the allowance to be paid this month will be distributed from the budget excluding the 64.8 billion KRW paid in the first round.
The farmers and fishermen allowance will be paid in local currency usable within the jurisdiction of the city and county where the farming or fishing household is located. Information on receiving locations and affiliated stores where the allowance can be used can be obtained through city/county and eup/myeon/dong community centers.
The province plans to proceed with the payment of the farmers and fishermen allowance next year with a budget of the same scale as this year. The application period will be decided between February and March next year after deliberation by the "Chungnam Farmers and Fishermen Allowance Deliberation Committee."
Earlier, based on a residents' initiative ordinance request regarding the payment of the farmers and fishermen allowance submitted in October last year, the province enacted the "Chungnam Farmers and Fishermen Allowance Support Ordinance" in March this year. This aims to maintain and preserve the public functions of agriculture and fisheries and to reduce income disparities between urban and rural areas.
Hot Picks Today
"You Might Regret Not Buying Now"... Overseas Retail Investors Stirred by News of Record-Breaking Monster Stocks' IPOs
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- Mistaken for the Flu, Left Untreated... Death Toll Surges as WHO Declares Emergency (Comprehensive)
- "Concerns Over Expanded Travel Rule"... FIU Holds Closed Meeting with Virtual Asset Industry on Enforcement Decree of the Act on Specified Financial Transaction Information
- "How Did an Employee Who Loved Samsung End Up Like This?"... Past Video of Samsung Electronics Union Chairman Resurfaces
A provincial official said, "We will strive to ensure that the payment of the farmers and fishermen allowance helps maintain and develop local agriculture, fisheries, and rural communities."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.