Efficiency from agricultural development capital in Nong Cong

Nong Cong District Agricultural and Rural Development Bank (Agribank Nong Cong) under Agribank Nam Thanh Hoa always plays a key role in providing capital for agricultural and rural development. Agribank Nong Cong's capital has helped many households in the area invest in building models of cultivation and livestock, expanding industries, creating jobs, and increasing income. Thereby, contributing to the completion of the goals of building new rural areas and advanced new rural areas in the locality.

Many households in Te Loi commune received loans to develop effective agricultural models.

To effectively promote capital sources for lending to the agricultural and rural sectors, Agribank Nong Cong has improved its processes, shortened the time for project appraisal, loan plans and increased the loan limit for customers. Closely coordinated with local authorities to remove difficulties and obstacles for customers such as loan limits, mortgaged assets...

As a customer who has been with Agribank Nong Cong for many years through saving money and borrowing capital to build a factory and process handicrafts, Ms. Nguyen Thi Huong, Director of Gia Bao Production and Trading Company Limited in Thai Son village, Tan Phuc commune, said: "The company has received support from Agribank Nong Cong to reduce loan interest rates, reducing difficulties when the market fluctuates. Currently, the company has received a loan of 2.7 billion VND from the bank to invest in expanding the factory and buying more raw materials for production."

Visiting the production model of Mr. Le Van Chung's family in Te Loi commune, we learned that through the Farmers' Association's loan group, he received a loan of 200 million VND from Agribank Nong Cong to develop the economy. From this source of capital, his family invested in developing livestock and integrated crop cultivation. After deducting expenses, each year they earn nearly 200 million VND in profit.

It is known that Agribank Nong Cong is implementing lending programs to serve the development of agriculture and rural areas; investing in the construction of rural infrastructure; processing and consuming agricultural products; trading in agricultural products and services; industrial production, trade and non-agricultural services; economic development programs and projects... To ensure capital sources, the unit annually assigns specific capital mobilization targets to each bank officer; regularly improves credit quality, classifies and selects customers and effective projects for investment; coordinates with establishments, associations and unions to effectively mobilize and provide loans to households and businesses operating in the agricultural and rural sectors.

The loan capital has contributed to expanding agricultural service activities in communes, maximizing efficiency in investment in production and business. At the same time, promoting the restructuring of crops and livestock, gradually turning agricultural products into high-value goods. The Bank has also developed a development plan according to key agricultural and rural programs and projects, advanced new rural construction, and model new rural areas; focusing on expanding lending subjects, maximally simplifying loan application procedures, and flexibly applying loan guarantee measures according to Decree 55 of the Government on credit policies for agricultural and rural development.

As of mid-March 2025, the total mobilized capital of Agribank Nong Cong reached more than 2,620 billion VND, the total outstanding debt was more than 2,600 billion VND, with nearly 11,000 customers borrowing capital. The capital for agricultural and rural production development in the district has brought practical results in recent times. The majority of borrowers use capital for the right purpose, effectively, and are able to repay debts and interest on time.

In addition, to facilitate people's access to electronic banking services, the unit has focused on developing convenient service products such as: Mobile Banking, BankPluss, M-Pluss, ATM card services... Deploying solutions to promote the development of service products suitable to the local operating situation. Strengthening information, propaganda, approaching organizations and individuals to issue cards, open payment accounts, deploy services in rural areas...

In the coming time, Agribank Nong Cong will continue to deploy and effectively implement preferential lending programs in the agricultural and rural sectors. At the same time, it will effectively take care of customers who have credit relationships with the branch to build prestige, expand market share and effectively promote agricultural and rural credit capital. Thereby, contributing to promoting the restructuring of crops and livestock, gradually increasing people's income, contributing to economic development.

Article and photos: Luong Khanh

Source: https://baothanhhoa.vn/hieu-qua-tu-nguon-von-phat-trien-nong-nghiep-o-nong-cong-243220.htm