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3.6 billion central government will support the industrialization of agriculture
Source:China Fertilizer Network   Time:2011-11-16   Read:1118second  

Recently, from the Ministry of Finance National Agricultural Comprehensive Development Office was informed that: the future industrialization of agricultural development projects, the central government will mainly be taken by way of interest payments on loans to support. Arranged 3.6 billion yuan next year central planning funds to support the competitive advantages are obvious, and strong radiation driven industrialization of agricultural comprehensive development projects, of which 60% of the funds for interest subsidies, bank loans can lead more than 500 billion yuan; other funds for fiscal grants focus on supporting farmers' cooperatives, organized to promote agriculture, large-scale, intensive management, in order to accelerate the development of modern agriculture and promote sustainable income farmers provide significant industry support.
 According to the National Agricultural Comprehensive Development Office Director Wang Jianguo said, "Eleventh Five-Year" period, the central government has invested in comprehensive agricultural development of the industry funds 17.3 billion, driven by local financial investment 8.45 billion yuan, 47.36 billion yuan corporate self-financing, comprehensive agricultural development, industrialization of agriculture as a central support one of the main channel. Five years, agricultural development and construction of efficient agricultural planting base 402.46 acres, the development of aquaculture base of 43.28 million mu, to support agricultural processing and agricultural production services 3483. Preliminary statistics, the new industrial management projects each year more than 22 million farmers directly benefit about $ 500 per capita income, the effective promotion of agricultural efficiency and farmers' income.
 According to reports, in order to play the maximum effectiveness of the central government support for agriculture, agricultural development projects to increase the discount on the industry investment in fixed assets, loans to support priority projects to help leading enterprises in technological innovation and product upgrades. 2011, central government funds for the discount 1.84 billion yuan of bank loans lead $ 41.0 billion. Discount next year the central government funds will increase to 24 billion bank funds to attract more than 500 billion for the development of agricultural industrialization provide strong financial support.
 Currently the Ministry of Finance has been with the China Agricultural Development Bank, Agricultural Bank of China to establish partnerships that meet the requirements of industrial projects, arranged by the bank loans, the central government to give discount.
 

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