Sancheong-gun Agricultural Development Fund ... 2.446 Billion KRW Supported for 59 Farms

59 Farms Confirmed Through Subject Selection Review Committee

Agricultural Development Fund Management Deliberation Committee
[Image source=Sancheong-gun]

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] Sancheong-gun, Gyeongnam Province, is investing 2.446 billion KRW in the Agricultural Development Fund Loan Support Project to support the management activities of local farmers.

The county announced on the 2nd that, after a review committee selected the applicants, loans will be provided to 59 farms.

The county notified the eligible recipients through each eup/myeon office and the NH Nonghyup Bank Sancheong Branch.

Recipients who receive final confirmation notices through their eup/myeon offices can start borrowing from the NH Nonghyup Bank Sancheong Branch beginning on the 5th.

Meanwhile, the Agricultural Development Fund is a loan support project aimed at supporting the management activities of local farmers to improve management and strengthen agricultural competitiveness.

It provides operating funds needed for purchasing seeds, pesticides, fertilizers, agricultural machinery, distribution, sales, processing, and facility funds required for agricultural facility installations.

An official from the county Agricultural Technology Center stated, “Through low-interest loans at an annual rate of 1%, we expect to reduce the management burden on farms, increase farming motivation, and contribute to income growth and competitiveness enhancement.”

This content was produced with the assistance of AI translation services.