Preferential interest comes to forest planters and farmers
Households living in remote and mountainous areas will be eligible for loan interest rate of 1.2 percent starting November 2.
Forest planters and farmers will receive preferential interest (Source: Vietnam Bank for Social Policies)The rate is included in Decree 75/2015/ND-CP, which focuses on forest protection, afforestation and poverty alleviation from 2015-2020.
As such, the beneficiaries will be needy forest-planters and farmers. The Vietnam Bank for Social Policies will lend them credit without requiring collateral.
Households obtaining preferential loans to plant trees can acquire a maximum sum of 15 million VND (672.30 USD) per hectare, with durations calculated based on production time and lasting less than two decades.
Peers who need capital for animal husbandry may borrow up to 50 million VND (2,241 USD) within 10 years.-VNA
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