Effectiveness of capital from the Farmers Support Fund

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In 2020, along with family funds, Mr. Nguyen Van Tien, from Phuc My village, Cam Tan commune, Cam Thuy district, received a loan of 50 million VND from the Provincial Farmers' Support Fund. With this capital, Mr. Tien invested in developing his fruit tree farm. Besides receiving interest rate subsidies on the loan, he also participated in training courses and received technical transfer on fruit tree grafting.

To improve economic efficiency, he invested in a sprinkler irrigation system using Israeli technology. Thanks to his knowledge of proper care and the application of new techniques in production, Mr. Tien's fruit tree farming model has yielded high economic returns. In 2023, Mr. Tien earned a profit of over 130 million VND. Not only did he pay interest on time, but he also had capital to maintain production.

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

Mr. Nguyen Van Tien, from Phuc My village, Cam Tan commune, Cam Thuy district, Thanh Hoa province, said: "With the support of the commune's Farmers' Association, we have applied scientific and technical methods, invested in a water irrigation system for the dry summer months, and implemented drip and mist irrigation systems. As a result, we have achieved higher economic efficiency."

To ensure that the Farmers' Support Fund's capital is invested in the right target groups and to maximize its effectiveness, the Thanh Hoa Provincial Farmers' Association has directed its grassroots farmers' associations to conduct surveys on the actual borrowing needs of households, prioritizing the selection of models and projects suitable for the region to develop production linked with product consumption.

Currently, the Provincial Farmers' Support Fund manages nearly 64 billion VND for over 3,200 households in 702 projects related to crop cultivation, livestock farming, and service industries, yielding high efficiency. In the first quarter of 2024, the Thanh Hoa Provincial Farmers' Association disbursed over 6.7 billion VND to 30 households for 11 projects 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 government's farmer support fund, the Ha Trung District Farmers' Association currently has over 1.2 billion VND in funds raised and managed by the district. Over the past period, the district's Farmers' Association has prioritized and selected new and effective economic development models, especially snail farming, mushroom cultivation, egg-laying chicken farming, and commercial fish farming. Accessing capital and investing in models financed by the farmer support fund has yielded good results in farming... From these models, more households have established linkages and cooperatives for future development.

Mr. Le Van Dung, Chairman of the 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 in Quan Son district, only 140 million VND has been allocated to 7 households as part of the revolving fund for economic development and production. This year, we are proposing to the Provincial Farmers' Association to increase the fund so that households can benefit from the program and use the revolving fund to invest in production.

Although the capital from the Farmers' Support Fund is not high, with an average loan amount of 30 to 50 million VND per household, and a maximum of 100 million VND, the loan repayment period of 24 to 36 months allows members to confidently invest in production, contributing to increased income and improved living standards.

In the coming period, to address the issue of loans from the Farmers' Support Fund, farmers' associations at all levels in the province will continue to improve the quality and effectiveness of loan models and projects; focusing capital on professional associations, cooperatives, agricultural production models along the value chain associated with environmental protection, food safety, and the consumption of agricultural products in a commercial direction, bringing high income value.

Source: THNM/TTV News

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