Hamyang-gun Opens Applications for Income Specialization Support Loan Project in Second Half of This Year ... Until July 29

Support Limit: 30 Million KRW for Individuals, 50 Million KRW for Corporations, Agricultural Interest Rate Burden at 1% per Year

Hamyang County Office.

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] Hamyang-gun, Gyeongnam Province, is accepting applications for loans under the Income Specialization Support Project, which is being implemented to stabilize farmers' management, improve income levels, and strengthen agricultural competitiveness.

The scale of support for this Income Specialization Support loan project, carried out to improve the agricultural environment and enhance competitiveness, is 3 billion KRW, with repayment conditions set at 1% per annum. It is limited to operating funds applications, with a 1-year grace period and 3 years of equal installment repayments.

Operating funds needed for purchasing materials such as seeds (seedlings), pesticides, fertilizers, usage fees, facility and equipment rental fees, and transportation costs can be loaned up to 30 million KRW for individual farmers and up to 50 million KRW for corporations and producer organizations.

Loan applications can be submitted by July 29 through the Eup/Myeon offices with the loan application form, business plan, and other necessary documents. After reviewing the application contents, loans can be disbursed starting from September.

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