The Provincial Farmers' Assistance Fund provides funds for more than 10,000 farmers

In order to support and facilitate farmers' production, the Provincial Farmers' Fund under of the Tien Giang provincial Farmers' Union is managing the capital source with more than VND60 billion, including the capital entrusted by the Central Farmer’s Union, provincial budget funds and savings mobilizing capital among farmers' members.

Illustrative Image (Pho to: Thai Thien).

By the end of October 2017, this fund disbursed VND29.5 billion VND to implement 59 production development and business projects in the agricultural sector with more than 1,573 farmers participated. In addition, the farmers' fund managed by the District Farmers' Union and the Commune Farmers' Union are also loaning more than VND8 billion with over 8,500 farmers.

According to a survey conducted by the Tien Giang provincial Farmers' Union, 25.4% of the farmers used the funds from the Provincial Farmers' Assistance Fund to invest in cultivation, about 74.6% of the farmers invested in raising livestock, poultry and fishery products, step by step removing farmers from borrowing with high interes. Every month, the Fund Management Board organizes group meetings to exchange loans, share experience in production and life, to find out the product output, etc…

Through this, the Tien Giang provincial Farmers’ Union wants to get economic benefits as a motive force to gather large numbers of farmers into the uinon to contribute to increasing household incomes, reducing poverty, building new rural areas, etc…, since then to improve the operation quality of branches, teams, to build the strong Farmers' Union.

(According to thtg.vn - Translated by HUU TAM)