The provincial Farmers' Society just ratified a project of renovating and improving operational efficiency of the Sponsor Fund for Farmers in the period of 2013-2015. Nguyen Hoang Vinh, chairman of the provincial People's Council said that the fund's goal is to develop its capital source up to VND53bil in 2015, VND50bil of which is from budget assistance.  An orchid model brings high income for farmer Hoang Van Minh in Dinh Hoa ward.Could you tell about the project's purpose?Founded in 1997, the Sponsor Fund for Farmers has reached over VND23.8bil, VND5bil of which is allocated by the Central, VND10bil is from the provincial budget and the remaining from localities. The fund source has been offered for more than 2,800 households to develop production and business, helping 9,230 farmer members escape poverty. Therefore, the provincial People's Council standing board built the project of renovating and improving operational efficiency of the Sponsor Fund for Farmers in the period of 2013-2015. The fund building is both a task and an essential condition for upholding key role of the society in the process of new rural building and the provincial rural industrialization and modernization. And what are goals of the project?The project's overall goals are to create a strong change at all levels, manage and support capital for farmers. Of these, building the fund into a sustainable one is a top priority to help the society develop production, contributing to complete a goal of poverty reduction for the province.In addition, the society has made efforts to develop its capital up to VND53bil in the 2013-2015 period, of which VND50bil is from the State budget assistance. The project's beneficiaries include about 1,800 poor and sub-poor farmer members. On average, every household will enjoy a VND30mil loan. The society will implement 2 pilot models at 2 districts and towns.Could you tell about measures of implementing the project?Initially, the society will diversify promulgation forms, expand typical examples contributing greatly to the Fund and using capital sources effectively. In addition, to use capital source effectively, the society will adjust and perfect documents of managing the Fund, hold trainings on financial management, spur inspections on the fund operation. Additionally, the provincial fund will build a plan to reinforce and perfect human resources in a bid to meet the rising requirements. Reported by T.Thao - Translated by A.C