Efficiency of Farmers Support Fund's capital resources

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In 2020, with his family's capital, Mr. Nguyen Van Tien, Phuc My village, Cam Tan commune, Cam Thuy district, received a loan of 50 million VND from the Provincial Farmers' Support Fund. With the capital, Mr. Tien invested in developing the economic development of a fruit tree farm. In addition to receiving interest support when borrowing capital, he also participated in training courses and technology transfer on fruit tree grafting.

To improve economic efficiency, he invested in a misting irrigation system using Israeli technology. Thanks to knowing how to care for and apply new techniques to production, Mr. Tien's fruit tree growing model brings high economic efficiency. In 2023, Mr. Tien earned a profit of over 130 million VND. Not only does he pay interest on time, he also has capital to maintain production.

Mr. Nguyen Van Tien, Phuc My village, Cam Tan commune, Cam Thuy district, Thanh Hoa province

Mr. Nguyen Van Tien, Phuc My village, Cam Tan commune, Cam Thuy district, Thanh Hoa province said: "With the support of the Commune Farmers' Association, we have applied science and technology, invested in a summer irrigation system, drip irrigation system, and mist spraying system. Thanks to that, it brings higher economic efficiency."

In order for the Farmers' Support Fund's capital to be invested in the right target and to promote its effectiveness, the Thanh Hoa Provincial Farmers' Association has directed grassroots farmers' associations at all levels to survey the actual loan needs of households, giving priority to selecting models and projects suitable for the region to develop production associated with linking product consumption.

Currently, the Provincial Farmers Support Fund is managing nearly 64 billion VND for over 3,200 households to borrow in 702 projects on cultivation, livestock, and professional services with high efficiency. In the first quarter of 2024, the Farmers' Association at all levels of Thanh Hoa province disbursed to 11 projects, with a fund of more than 6.7 billion VND for 30 households to borrow capital to invest in production and business linkage models.

Mr. Mai Duc Son, Chairman of the Farmers' Association of Ha Trung district, Thanh Hoa province

Mr. Mai Duc Son, Chairman of the Farmers' Association of Ha Trung district, Thanh Hoa province, said that in addition to the provincial and central funds for farmers' support. For the Farmers' Association of Ha Trung district, there is currently more than 1.2 billion VND mobilized by the district and managed by the association. In recent times, the Farmers' Association of the district has prioritized and selected new and effective economic development models, especially snail farming, mushroom growing, egg-laying chickens, and commercial fish. When accessing capital sources, investing in models that have borrowed capital from the farmers' support fund has promoted good farming efficiency... From the replicated models, more households have established linkage chains and cooperatives to develop in the coming time.

Mr. Le Van Dung, Chairman of Farmers' Association of Quan Son district, Thanh Hoa province

Mr. Le Van Dung, Chairman of the Farmers' Association of Quan Son District, Thanh Hoa Province, said that for Quan Son District, there is currently only 140 million divided among 7 households in the circulating capital to develop the economy and apply it to production. This year, we are proposing to the Provincial Farmers' Association to increase the fund so that households can enjoy the program and apply it in rotation to invest in production.

Although the capital of the Farmers Support Fund is not high, each household can borrow an average of 30 to 50 million VND, the highest is 100 million VND, but the loan term is from 24 to 36 months before having to repay the capital, so members can rest assured to invest in production, contributing to increasing income and improving life.

In the coming time, to solve the problem of loans from the Farmers' Support Fund, farmers' associations at all levels in the province will continue to improve the quality and efficiency of loan models and projects; focus capital on professional associations, cooperatives, agricultural production models according to value chains associated with environmental protection, food safety and commodity-oriented agricultural product consumption, bringing high income value.

Source: THNM/TTV News

Source: https://truyenhinhthanhhoa.vn/hieu-qua-nguon-von-quy-ho-tro-nong-dan-180240409102135687.htm