Gokseong-gun to Support Young Entrepreneur Farmers with 32 Million KRW over 3 Years

2022 Youth Startup Farmers and Farming Settlement Support Fund Application Reception

[Gokseong=Asia Economy Honam Reporting Headquarters Reporter Cha Jong-sun] Gokseong-gun, Jeollanam-do announced that applications for the 2022 Youth Startup Farmers and Farming Settlement Support Fund (hereinafter ‘Youth Farming Support Fund’) will be accepted until January 21.

The Youth Farming Support Fund is a policy led by the Ministry of Agriculture, Food and Rural Affairs to support farming settlement costs so that young farmers can grow into sound business entities.

Once selected as a beneficiary, support payments are provided monthly for three years.

The support amount is 1 million KRW in the first year, 900,000 KRW in the second year, and 800,000 KRW in the third year, totaling 32.4 million KRW over three years.

Applicants must be between 18 and under 40 years old (born between January 1, 1982, and December 31, 2004).

Additionally, applicants must have an independent farming career of three years or less (including prospective) with farming infrastructure such as farmland or facilities in their name, including leased land.

Income criteria require that the health insurance premium calculation amount be below 120% of the median income.

After document screening, the relevant materials will be submitted to Jeollanam-do in February next year, followed by subsequent procedures such as interviews, and the final candidates will be selected by the end of March next year.

Selected candidates must comply with mandatory requirements. They must complete 136 hours of mandatory education annually and consistently maintain agricultural management records. Also, during the support period, they must maintain full-time independent farming qualifications.

The county stated that if beneficiaries become employed or operate businesses unrelated to agriculture, the support payments may be suspended or reclaimed.

Gokseong=Asia Economy Honam Reporting Headquarters Reporter Cha Jong-sun cha6960@asiae.co.kr

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