"Funding Injection Before Farming Season" Gokseong County Provides 2.8 Billion Won in Loans

32 Farms Selected for Support
4-Year Grace Period, 5-Year Installment Repayment

Gokseong County in Jeonnam held the "2026 Resident Income Support Fund Management Committee" on the 18th. On that day, the county decided to provide low-interest loan support of a total of 2.8 billion won from the Resident Income Support Fund to 32 local farms. Provided by Gokseong County, Jeonnam

Gokseong County in Jeollanam-do will provide low-interest loans totaling 2.8 billion won from the Resident Income Support Fund to 32 local farms.

According to Gokseong County on March 19, the decision was made at the "2026 Resident Income Support Fund Management Committee" held the previous day, attended by 15 officials including Deputy County Governor Jeong Changmo.

The support is targeted at 32 farms within the county that require funds for facilities and operations, such as purchasing farmland, renovating or repairing livestock barns, purchasing Korean cattle, and acquiring crop production equipment.

The selected farms can receive low-interest loans from the Gokseong County branch of NongHyup Bank based on their individual collateral capacity. The loan repayment terms are as follows: for facility funds, a four-year grace period followed by five years of equal installments; for operating funds, recipients can choose either a two-year grace period with a lump-sum repayment or three years of equal installments.

Deputy County Governor Jeong Changmo stated, "We hope that by providing funds to farmers before the busy farming season, we can offer practical help to those struggling with high interest rates, rising prices, and abnormal weather conditions," adding, "We will spare no administrative support to ensure that beneficiaries can promptly carry out their projects."

Meanwhile, since 1996, Gokseong County has been operating the Resident Income Support Fund to promote rural investment and foster residents' self-reliance.

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