"Come to Sancheong for Returning Farmers" Sancheong-gun Offers Up to 300 Million KRW Support for Agricultural Startups and Home Purchases

Scenic View of Aecheon Village, a Free-Range Farming Village in the Countryside Before Returning to Farming

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] Sancheong-gun, Gyeongnam announced on the 18th that it will support funds for agricultural startups and housing purchases to help returnees to farming settle stably.

Sancheong-gun is recruiting candidates for the first half of the year return-to-farming startup and housing purchase support project until the 28th. Eligible applicants are those who have continuously lived outside rural farming and fishing villages for more than one year, have moved to Sancheong-gun within the last five years, and are currently engaged or intend to engage in agriculture. Additionally, the head of the household must be 65 years old or younger.

The funding application limit per household is up to 300 million KRW for agricultural startup funds and up to 75 million KRW for housing purchase funds. The interest rate is 2% per annum, with a 5-year grace period and 10-year installment repayment terms.

Agricultural startup funds support the establishment of farming infrastructure and the construction (or repair) of food manufacturing and processing facilities. Housing purchase funds can be used for purchasing or constructing houses, as well as for extension or remodeling of self-owned old farmhouses.

Priority support is given within the allocated amount based on high scores from in-depth interview evaluations by the selection review committee. The final loan amount is determined according to the loan screening results within the selected amount.

This support project aims to help returnees to farming establish agricultural startups and secure residential spaces stably. It is an interest subsidy project where credit and collateral loans are provided at low interest rates, and the government budget covers the difference between the loan interest and the low interest rate.

The county has been promoting various return-to-farming and return-to-village support projects such as ▲New Farmer Farming Settlement Support Project ▲Returnee Housing Repair Support Project ▲Returnee Stable Settlement Support Project ▲Operation of Returnee Houses ▲Experience Living in Rural Areas ▲Returnee Rural Experience Education ▲Returnee Mentoring Support Project.

In addition, to provide information on return-to-farming and return-to-village support projects promoted by Sancheong-gun to urban residents, it operates various festival and expo consultation booths, returnee guides, and returnee support centers.

A county official said, “This support project is intended to reduce the burden of initial farming startups and securing residential spaces for returnees coming to our Sancheong, helping them settle stably. We will continue to strive to explore various measures so that they can engage in farming without worries.”

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