Having capital, collective economy develops

Chủ nhật - 02/06/2019 20:53 207 0

This whole time, many cooperatives, cooperative groups ... successfullyborrowed money from support programs including reducing losses in agriculture,creating jobs, serving agricultural product processing, developingagricultural, rural farmers ... As a result, the collective economy has beenable to breakthrough, expand services, bring high revenue, create more profitsfor its members.

The orchard of Son Ngoc Cooperative Group

According tothe State Bank of Phu Yen branch, currently 23 cooperatives get loans fromcommercial banks in the province with outstanding loans of more than 12.7billion dong, increasing by more than 1.1 billion dong compared to 2017. Inaddition, 11 cooperatives were borrowed under Decision 68/2013 / QD-TTG of thePrime Minister on support to reduce losses in agriculture with outstandingloans of over VND 5.8 billion.
Mr. NguyenHoang Pho, Director of An Ninh Tay Agricultural Cooperative (Tuy An district),said: In 2017, after the State Bank worked with localities to solve loan needsfor cooperatives, then in the year 2018 the cooperative is lent over VND 1.3billion by the Bank for Agriculture and Rural Development of Tuy An districtbranch. With capital, the cooperative buys 2 plows and relocates the locationof petrol and oil store.

After capital support forcooperatives under Decision 2261 is imported into the national target programof new rural construction program, many cooperatives and cooperatives of theprovince are supported with machines and plant varieties for agricultural productiondevelopment. According to Mr. Nguyen Ly Nguyen, Deputy Director of Departmentof Agriculture and Rural Development, 4/5 units supported by the program whichaims to support rural career development under the National Target Program on newrural construction are cooperatives, cooperative groups. These cooperatives andcooperative groups received VND 280 million to invest in machines forprocessing agricultural products and buying plant varieties for productiondevelopment.

Mr. Huynh VanTanh, Head of Son Ngoc Cooperative Group (Phu Hoa district), said: The unit wassupported with VND 95 million to buy fruit trees. At the same time, theDepartment of Agriculture and Rural Development of Phu Hoa district instructedproduction techniques towards building safe fruit growing areas of VietGAP.

An NghiepAgriculture Cooperative (Tuy An district) is supported with VND 60 million(equivalent to 50% of the total capital) from new rural capital to buy strawrollers and get preferential loans under Decision 68 and Decree 55 with theamount of more than 1.7 billion. Mr. Tran Tan Khoa, Director of thiscooperative said: Currently the cooperative has 2 straw rollers, 4 small plowsand 2 large plows, 1 combine harvester with system of warehouses and dryingyards. From here, the cooperative opened many services for people to use forproduction. Although cooperatives are purely agricultural which only supportproduction services, but the annual turnover of cooperatives reaches over 3billion VND.

According toMr. Le Thanh Lam, Chairman of the Provincial Cooperative Alliance, about 2-3years ago, the loan is still a knotty problem for cooperatives. Thecooperatives were ineligible to access bank loans due to lack of collateral andinability to explain business plans. For over a year, this situation hasimproved, banks have "opened up" to cooperatives. The cooperativesalso step by step raise their awareness, gradually eradicate their prioritythinking in order to improve more in the direction of operation, increase theability to meet the beneficiary conditions as well as the responsibility to payback capital after the loan term expires. In the past time, along withcooperatives, the Union also cooperated with the Social Policy Bank of Phu Yenbranch to sponsor 8 cooperatives with over VND 1.8 billion from the employmentsupport program.

Source: Phu YenNewspaper
Translated by HAI LOAN

Từ khóa: Having capital, collective economy develops