Gyeonggi-do Provincial Government raises limit on facility funding for farmers and fishermen to up to 300 million won

Gyeonggi-do Province announced a partial revision of the Enforcement Rules of the Gyeonggi-do Agricultural and Rural Development Fund Establishment and Operation Ordinance, which calls for raising the limit on loans for facilities supported by farmers and fishermen from the current maximum of 100 million won to 300 million won.

The amendment classified the limit of funding for individuals and corporations by loan and raised the amount of support.

The facility loan support limit has been raised from a maximum of 100 million won to 300 million won for individual agricultural and fisheries management.

Corporate agricultural and fishery management organizations can receive up to 500 million won in support as before.

Individual agricultural and fishery management companies can receive up to 100 million won in management funds, corporate agricultural and fishery management companies can receive up to 200 million won, and agri-food management companies that operate rice processing plants can receive loans up to 500 million won in Gyeonggi rice purchase funds.

This revision of the enforcement regulations will take effect on January 1st next year.