More than 90% of loans serve agriculture and rural areas
According to the leader of AgriBank Yen Lac, currently, more than 90% of the bank's loans are put into local agricultural and rural development programs. With the strength of production and livestock farming, when farmers have access to capital, they will boldly promote the potential advantages of each household in the direction of "whoever is good at what job does that job".
Thereby, actively contributing to the transformation of crop and livestock structure, gradually forming specialized concentrated production areas with high commodity output.
Yen Lac district currently has more than 850 farms, most of which are mixed farms and aquaculture farms. From loans for agricultural and rural development, farm owners have renovated and built stable, closed production areas, making the most of the land and bringing high economic efficiency.
Typically, farms in Yen Lac town grow fruit trees and raise fish and pigs for sale. Every year, these farm owners sell dozens of tons of pigs and fish of all kinds and earn hundreds of millions of dong in profit per year.
Or some farms of farmers in Dong Van commune, after receiving loans, became large-scale fish breeding and meat farming facilities. On the shore, people grow fruit trees combined with raising livestock and poultry with thousands of laying ducks, hundreds of mango, longan, and lychee trees, earning a profit of 70-80 million VND/year.
Closely following the local socio-economic development orientation and the direction of the superior bank, in recent times, AgriBank Yen Lac has flexibly applied policy mechanisms to bring loan capital to customers.
From there, it helps farmers effectively exploit their potential and strengths; at the same time overcome difficulties, stabilize production and business and affirm the key role of banks in investing in agricultural and rural development.
To boost credit growth, AgriBank Yen Lac has increased the disbursement of loan programs with preferential interest rates. Typically, the unsecured loan support package for customers in rural areas; cooperatives and business households; cooperatives and farm owners with maximum loans from 100-300 million VND.
Up to now, the outstanding loan balance of AgriBank Yen Lac has reached nearly 3,200 billion VND with about 4,000 customers, of which the outstanding loan balance without collateral is 186 billion VND; loans for pig, buffalo, cow farming and livestock services reached 327 billion VND; loans for crop farming and crop services reached 50 billion VND...
Disbursement of many low interest rate credit packages
Deputy Director of Agribank Yen Lac Tran Anh Dung said: “To promote the disbursement of credit packages, bank officers and employees regularly go to the grassroots to understand the loan needs of the people. In the context of many credit institutions investing in the locality, with great competition, we focus on loan capital in priority areas such as farm development, riverside agricultural production areas, craft villages, industrial clusters…”.
According to the assessment of the leaders of Agribank Yen Lac, investment in the agricultural sector always faces many risks due to natural disasters, epidemics, and fluctuations in product output prices that affect the production and business process as well as capital efficiency. At times, due to objective factors, many households raising chickens and cattle have to temporarily suspend their business, reduce production scale or operate at a standstill...
However, following the direction of the Government and local authorities, Agribank Yen Lac always accompanies and promptly applies preferential interest rate policies to help farmers minimize difficulties. In addition to restructuring debt repayment terms and refinancing to help farmers restore production and business activities, creating new economic growth momentum, the bank has implemented a preferential agricultural, forestry and fishery credit package with interest rates 1-2% lower than normal levels.
Or the credit package supporting OCOP products - Clean agriculture for individual customers investing, producing and doing business with a loan interest rate lower by up to 2% compared to the general floor rate; the credit package lending "Green Credit" - Organic and clean agriculture for individual customers with a loan interest rate lower by up to 1.5% ....
To help people understand the preferential credit policy for agricultural development, helping customers more conveniently access capital sources, as well as use loans effectively, Agribank Yen Lac directed specialized departments to establish loan groups to support and advise on production plans, management methods, and loan use...
Agribank Yen Lac's cooperation with local farmers has made positive contributions to the process of economic restructuring, job creation, income increase, and improvement of the quality of life for local people.
Thereby, contributing to effectively implementing the goal of improving the qualifications of farmers and rural residents; developing the agricultural sector with an increasingly large scale of agricultural commodity production, helping rural areas develop comprehensively.
Article and photos: Ha Tran
Source: http://baovinhphuc.com.vn/Multimedia/Images/Id/129599/AgriBank-Yen-Lac-chu-dong-cung-ung-von-phat-trien-nong-nghiep-nong-thon
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