Leaders of the Hoa Binh farmers’ association present certificates of merit to organisations and individuals in recognition oftheir outstanding achievements in raising and managing the farmer support fund from 2011 – 2020.

The fund increased to nearly 35.9 billion VND from about 1.5 billion VND10years ago whenthe project was launched. It has provided interest-free loans worth around 134.8 billion VND for 527 projects, helping thousandsoffarmer members expand production and create employments.

Statistics show that annual income of farmers in the province averages more than 40 million VND in 2020, compared tothenearly 15 million VND in 2011. Loans taken out from the fund have been used properly and effectively with interest and principal paid on schedule.

The farmers’ association has cooperated with the Hoa Binh branches of Agribank, the Bank for Social Policies and Lien Viet Post Bank to provide easier access to loans for local farmers. More than 3 trillion VND worth of loans have been taken out by hundreds of thousands of farmer households to expand production thanks to these joint efforts.

During the event, attendees outlined achievements as well as challenges of the projects over the last decade. The association announced it had adopted four major tasks and solutions to develop and enhance the effectiveness of the farmer support fund. Awareness campaign will be accelerated to further promote the importance of the fund to farmers.

The association also took the occasion to honour six organisations and six individuals in recognition oftheir outstanding contributions to raising and managing the fund from 2011 to 2020./.

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