Truong Luu has effectively implemented 175 economic models.

(Baohatinh.vn) - Using loan capital, Truong Luu commune (Ha Tinh province) has directed and guided its people to leverage their advantages, build effective economic models, and improve their living standards.

Over the past period, Truong Luu commune has leveraged its advantages in land, labor, and traditional production to guide and encourage people to develop diverse integrated economic models, including livestock farming, fruit tree cultivation, and household-scale commodity production.

A model of a large-scale chicken farming operation with 8,000 chickens in Truong Luu commune.

In order to support people in investing and expanding production, local organizations such as the Farmers' Association, Women's Union, and Youth Union have coordinated with banks - especially the Social Policy Bank and the Agricultural and Rural Development Bank - to manage entrusted capital, helping people access preferential loans conveniently and for the right purposes.

To date, the total outstanding debt from various capital sources in the commune has reached over 430 billion VND, of which the outstanding debt from entrusted capital through the Social Policy Bank is 118 billion VND. These capital sources play a significant role in encouraging people to boldly invest and develop production and business.

Oranges from Truong Luu are in harvest season.

Alongside providing financial support, the locality has also promoted training and the transfer of scientific and technological advancements, helping people apply technology to production and livestock farming processes in a safe and efficient manner. As a result, to date, Truong Luu commune has established 175 economic models, including 16 models generating revenue of 1 billion VND/year or more; 20 models generating revenue from 500 million to nearly 1 billion VND/year; and 139 models achieving revenue from 100 million to nearly 500 million VND/year.

The deer farming model of Tien Hiep Agricultural Service and Trade Cooperative (Truong Luu commune) yields high economic efficiency.

Loan support and technology transfer activities have created jobs, increased income, improved people's lives, contributed to sustainable poverty reduction, and promoted local socio-economic development.

Source: https://baohatinh.vn/truong-luu-trien-khai-hieu-qua-175-mo-hinh-kinh-te-post299358.html