Hwaseong City Accepts Applications for Agricultural and Fisheries Production Distribution Facility Loans

Hwaseong City is accepting applications for loan support for agricultural and fisheries production distribution facility funds until the 29th to boost farmers' agricultural motivation, revitalize the rural economy, and establish a foundation for independent farming.

The agricultural and fisheries production distribution facility fund supports up to 100 million won per farm household at a low interest rate of 1.5% per annum under the conditions of a 3-year grace period and 5-year equal repayment.

Eligible sectors include agriculture—farmland purchase, facility modernization and automation facilities, facility installation, seedling purchase, and flower seedling purchase; livestock—new construction and reconstruction of cattle sheds, pasture and fodder field creation, purchase of breeding sows and breeding cows, and purchase of Korean beef steer calves; fisheries—fishing vessel purchase, drying, repair and maintenance, and facility installation; and forestry—shiitake mushroom cultivation, forestry product processing, ornamental tree production, and bonsai. The funds cannot be used for operational expenses such as fertilizer, fuel, and feed purchases.

The City's Agriculture and Forestry Division stated, "Applicants for agricultural and fisheries production distribution facility loans should submit a loan support application by the 29th to the eup, myeon, or dong office in their area of residence. Eligible applicants will be selected and supported through a deliberation committee based on the scoring criteria in the evaluation table."