THE STATE'S CAPITAL SUPPORT POLICY
For farmers when investing in equipment for agriculture
Implementation of the Central Resolution 5 / IX on "Accelerating mechanization and modernization of rural agriculture". At present, some provinces such as Ha Giang, Tuyen Quang, Phu Tho, Hai Phong, Nghe An, Ha Tinh, Quang Nam, Dac Lak and some provinces do not have policies to support capital for farmers to invest in equipment. agriculture with the following basic contents:
"Households, equipment owners, cooperative groups, agricultural and fishery cooperatives, when investing in equipment manufactured by Vietnam, are entitled to borrow from the State Bank of Vietnam 70 to 80% of the machine price and pay gradually. loans for a period of 3 to 5 years. Bank interest rates are 100% supported by the provincial budget.
* When borrowing, customers need to pay attention to some following points:
Support policies of provinces are often specified: This is a non-collateral loan and does not depend on other loans.
Some provinces do not stipulate as above, customers still can borrow up to VND 10 million without having to mortgage according to the Government's regulations. In case the loan of the Customer exceeds 10 million VND, the Customer should request the bank to mortgage the property formed from the loan (ie the Customers will buy) to borrow the capital. outstanding.
For more detailed information on capital support policies in your locality, you can find out at the following addresses: District Agriculture Department; District Agricultural and Rural Development Bank, Commune People's Committee; farmers' association; branches, shops, agents of VEAM Corporation and member companies of the Corporation in the locality.
* If there is no policy in the locality of the Customer, you should write to the Provincial People's Committee, Department of Agriculture and Rural Development, Department of Finance. Proposing to issue the policy of loan interest rate support when investing in agricultural equipment manufactured by Vietnam to accelerate the mechanization and modernization of rural agriculture in the province. This will help customers and local people have the opportunity to enjoy support policies of the province.
LOAN PROCEDURES
Under the capital support policies to equip agricultural machines
To be equipped with machines according to the capital support programs of the provinces. Customers need to understand information carefully and have to proceed with the following procedures:
Register investment needs with the Commune People's Committee or Farmer's Association or the machine supplying facility according to specific requirements of each locality.
Prepare "Application for cumulative loan" to equip agricultural machines according to the loan interest rate support program of the Provincial People's Committee (according to the form of the agricultural bank).
Submit a "Loan cum plan proposal" to the Commune People's Committee or Farmer's Union to get a loan confirmation.
Bring the loan book and the "Application for cumulative loan" to the District Bank for signing the loan agreement with the Bank (according to the form of loan agreement of the Bank) will be issued by the Bank "Confirmation slip" received loans ”.
Bring the "Confirmation of getting a loan" issued by the Bank and the corresponding amount is equivalent to 20% -30% of the price of the machine contacting the supplier to receive the machine.
For more information, please contact:
1. Vietnam Engine and Agricultural Machinery Corporation
Address: VEAM - 689 Lac Long Quan Building - Phu Thuong - Hanoi
Tel: 04.6 280 0802 0802 306/307
Fax: 04.6 280 0810
2. Branches, shops, agents of the Corporation and member units of the Corporation.
3. District Agriculture Department, Agriculture Bank District
4. Commune People's Committee and Farmer Association