Gov’t retains subsidies for agricultural and rural development
VGP – From January 1, 2010 to December 31, 12, 2010, the State will continue to provide individuals and organizations with interest rate subsidies for their credit loans to purchase machines, equipment, and input materials for agricultural production as well as building materials for rural development. Normal 0 false false false MicrosoftInternetExp
Issued
by the PM, the decision targets to carry out stimulus packages for agriculture
and rural areas, which were launched in 2009, though narrowing beneficiaries
and lowering subsidies.
Thanks
to lower interest rate loans, peasants can expand production – Illustration
photo
Accordingly,
only rural residents living in communes, not wards or towns, will be given
preferential credits to purchase building materials for constructing their
houses.
The
State will continue to give interest rate subsidies to made-in-Việt
However,
the subsidies, imposed on agricultural input and building materials, are halved
from 4% to 2% per year. The rest commodities enjoy 100% interest rate subsidy.
The
stimulus packages on agriculture and rural areas have helped numerous domestic
peasants and enterprises to overcome difficulties, restore production and
improve living standards.
As
of late September 2009, after the policy came into force for five months, over
VND 34,000 billion was disbursed.
The
Government is figuring out ways to streamline administrative procedures for
more small and medium enterprises and peasants to access to preferential credits
with a view to developing rural areas.
By Kim Anh
