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1.8 billion VND loan for farmers to develop production

According to information from the Lam Dong Farmers' Association, since the beginning of the year, the Provincial Farmers' Support Fund has disbursed VND 1.8 billion to farmers for economic development loans. Accordingly, the Fund has provided loans to 6 projects for farmers producing in groups of households with a disbursement cost of VND 50 million/household. Groups of farmers producing the same product under the model of linked groups of households will be able to borrow capital from the Support Fund with preferential interest rates, and pay in installments according to the prescribed time.

Báo Lâm ĐồngBáo Lâm Đồng24/04/2025

It is known that the Provincial Farmers' Association manages a budget of approximately VND33 billion, of which VND15 billion comes from the central budget and VND18 billion comes from the provincial budget. This fund is being deployed to lend to 84 economic development farmer projects to expand production scale and increase competitiveness in the market.

Source: https://baolamdong.vn/kinh-te/202504/18-ty-dong-cho-nong-dan-vay-phat-trien-san-xuat-3ea7c1c/


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