Gyeonggi Province to Provide Up to 200 Million KRW in Business Funding for Making Snacks and Bread Using Gyeonggimi Rice

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Province will provide up to 200 million KRW in business expenses support for making snacks or bread using Gyeonggi rice.

On the 5th, Gyeonggi Province announced that it will support the purchase price difference for restaurants using Gyeonggi rice to promote the consumption of agricultural products produced in the province, and will support the purchase of equipment such as electric ovens for places making snacks or bread with Gyeonggi rice.

The province announced a food industry support plan containing these details and is accepting business applications from agricultural food manufacturing and processing companies within the province until the 30th of this month.

This year, the province significantly expanded the scope and content of support to stabilize prices amid rising raw material costs, promote the consumption of local agricultural products, and stabilize farmers' income.

Food industry-related support projects include ▲ support for facility improvement of agricultural food processing companies ▲ support for the purchase price difference of Gyeonggi rice ▲ support projects to revitalize traditional liquor consumption. Business expenses of up to 200 million KRW (based on total project cost) will be supported.

The support targets are companies manufacturing and processing food using agricultural products from within the province, food processing companies using Gyeonggi rice, dining establishments, and traditional liquor manufacturers.

For the facility improvement support project for agricultural food processing companies, the province expanded the scope of recipients to allow comprehensive agricultural product processing centers directly operated by city and county agricultural technology centers to be eligible for support. In addition, equipment such as electric ovens and hygiene facility improvements will be supported for instant sales manufacturing businesses such as confectionery and baking.

Jin Hak-hoon, head of the Agricultural Food Distribution Division of the province, said, "We will do our best to contribute to stabilizing farmers' income in the province through food industry support and proactively stabilize food prices."

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