Uiryeong-gun Provides 17 Billion KRW in Agricultural Income Support Loans

Agricultural Management Entities · Agricultural Management
Income Increase, Facility and Operating Funds

Uiryeong-gun, Gyeongnam Province, is implementing the "Farmer Income Support Project" worth 17 billion KRW to stabilize farmers' management and strengthen agricultural competitiveness.

The support targets are farmers, agricultural-related corporations, and producer organizations who have their resident registration or corporate address in Uiryeong-gun and are engaged in agriculture (business) within Uiryeong-gun as of the application date.

Uiryeong County Office.

The loan support section includes funds necessary for agricultural management entities to manage agriculture and increase income, such as facility and operating funds, as well as funds for leading, purchasing, buying, and acquiring by producer organizations, agricultural corporations, and distribution companies.

The support limit is up to 70 million KRW for operating funds and 100 million KRW for facility funds for individuals, and up to 200 million KRW for operating funds and 500 million KRW for facility funds for producer organizations or agricultural corporations, with an annual interest rate of 1%, repayable in equal installments over 3 years after a 2-year grace period.

In particular, this loan amount is increased from 50 million KRW to 70 million KRW per farm for operating funds due to the amendment of the ordinance last year.

Loan applications can be submitted to the town or township office of the applicant's address by the 31st of this month, and will be finalized after review by the Uiryeong-gun Farmer Income Support Project Operation Committee, with loans available through NH Nonghyup Bank.

For more details, please refer to the announcement of the 2024 first half Farmer Income Support Project support plan on the Uiryeong-gun website.

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