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Farmer supporting fund increases by 50 billion VND

Update: 15-08-2013 | 00:00:00
On August 14th, Mobilization board of provincial Farmer supporting fund had a meeting to evaluate its operation after 15 years and also to launch project to innovate and improve fund’s operation in 2013-2015 period. Provincial People’s Council Chairman Mr. Vu Minh Sang chaired the meeting.The fund was established in 1997, current total capital is VND23.8 bln including VND5 bln allocated by the Central, VND10 bln of provincial budget, VND7 bln from localities. The fund granted loans to 2,800 farmers.After evaluation of the new project, the fund will be increased by VND50 bln through provincial budget in order to help poor farmers to access capital and enhance family economy. At the meeting, Mr. Sang agreed to the capital increase of the fund until 2015. He also urged Farmer Association to supplement timely and properly the fund. He noticed, the fund need to promote its effectiveness, disburse and recover capital properly, legally to facilitate farmer access to capital.Reported by Thu Thao – Translated by Ngoc Huynh
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