Fujian Wuping: "Agricultural Machinery Loan" helps rural revitalization

Author:Wuping Rong Media Center Time:2022.08.13

A few days ago, the Wuping County Agricultural and Rural Bureau signed a contract with the "Agricultural Machinery Loan" strategic cooperation agreement with Hangxing Village Bank.The agreement stipulates that Wuping Hangxing Village Bank has a credit loan of 60 million yuan in credit for "agricultural machinery loan" special loans to further help farmers solve the problem of "financing difficulties" and "expensive financing".

In recent years, the demand for funds for new -type operating entities in Wuping County has continued to increase, but due to the narrow financing channels and high financing costs, capital difficulties have become one of the biggest bottlenecks for sustainable development.In order to better serve rural revitalization and promote agricultural mechanical transformation and upgrading, the county agricultural and rural bureau and Wuping Hangxing Village Bank reached a "agricultural machinery loan" strategic cooperation agreement to create the first agricultural machinery field for the county's agricultural mechanical operation service subject.Exclusive credit products provide credit support for farmers who purchase and use agricultural machinery to help farmers develop production.(Li Ling)

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