Banks and financial institutions in the Mekong Delta province of Tra Vinh have offered over 7.65 trillion VND (35 million USD) in soft loans as part of the State’s agricultural and rural development policies for local farmers during the first half of 2015.

According to the provincial Department of Agriculture and Rural Development, as many as 7.63 trillion VND worth of loans have been provided to some 214,000 farmers, representing of 55.7 percent of the province’s total gross loans.

Some 49 farming households have taken out a combined loan of 19.5 billion VND (nearly 894,000 USD) to purchase agricultural equipment, mostly combine harvesters, in accordance with Decision No. 68/2013/QD – TTg by the Prime Minister to reduce post-harvest losses.

Another 5.9 billion VND (over 270,000 USD) in credit was lent to help farmers switch from rice farming to fruit and vegetable growing.

In addition, the provincial authority has organised ten agricultural training courses for 250 local farmers to help them apply advanced technology in production.-VNA