Jangseong County to Provide Financial Support for Startups and Home Purchases for Returning Farmers

Startup Fund up to 300 Million KRW, Housing Purchase up to 75 Million KRW
Annual Interest Rate 2%... Applications Accepted Until the 12th of Next Month

Jangseong County in Jeollanam-do will provide agricultural start-up funds and housing purchase funds to local return-to-farm residents.

Jangseong County announced on the 16th that it will accept applications for the "Return-to-Farm Agricultural Start-up Fund and Housing Purchase Support Project (Loan)" until the 12th of next month.

Jangseong County, Jeonnam.

This project utilizes Nonghyup funds to provide low-interest credit and collateral loans, and the difference between the market interest rate and the loan interest rate can be subsidized by the government budget.

The agricultural start-up fund for return-to-farm residents can be used for purchasing farmland, building greenhouses, and constructing livestock sheds. Up to 300 million KRW per household is available at an annual interest rate of 2%, with a 5-year grace period and a 10-year repayment term.

The housing purchase support fund must be used for purchasing, building, or expanding a house. Up to 75 million KRW per household is provided under the same conditions as the start-up fund loan.

Eligible applicants are household heads or one household member under the age of 65 who have lived outside rural areas for more than one year and have moved to Jangseong County within the past five years.

Those who live in rural areas but are not engaged in agriculture may also apply if they have been registered as residents in Jangseong for more than one year and have no farming experience within the last five years.

Prospective return-to-farm residents are also eligible to apply. Applicants must have lived outside rural areas for more than one year before moving and plan to move in within this year. The application for the project can be submitted before moving, but the fund application is only possible after moving in, and the loan must be executed within this year.

The loan amount will be determined within the loan limit based on the results of credit and collateral evaluation. Final selection of recipients will be made through a first-stage document review and a second-stage interview assessment.

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