Icheon City Opens Applications for 2026 Gyeonggi Province Agricultural and Rural Development Fund Support Program

[Suwon Ilbo=Eom In-yong Reporter] Beginning on the 3rd, Icheon City is accepting applications for the '2026 Gyeonggi Province Agricultural and Rural Development Fund' agricultural and fisheries management funds and agricultural and fisheries production and distribution facility funds projects to provide long-term, low-interest loans to farmers and help stabilize management.

The 'agricultural and fisheries management funds' project provides low-interest loans for agriculture and livestock management expenses to improve farmer income and quality of life, strengthen competitiveness, and promote management stability. The support is available up to 60 million won per farm household and 200 million won per agricultural corporation, at an annual interest rate of 1% with principal and interest to be repaid in full within two years from the date of borrowing.

The 'agricultural and fisheries production and distribution facility funds' project provides low-interest loans for funds necessary to establish farming infrastructure such as farmland acquisition and installation of facilities like vinyl greenhouses. Applicants must be agricultural and fisheries management entities engaged in the relevant fields (horticulture, special crops, fruit trees, paddy rice cultivation, livestock farming, etc.) for at least one year at business facilities within the city. For individual farmers, the maximum loan is 300 million won; for agricultural corporations, 500 million won, at an annual interest rate of 1% with repayment conditions of three years grace and five-year repayment for individual farmers, and two-year equal installment repayment for agricultural corporations.

The city will accept loan support applications through administrative welfare centers under the jurisdiction of applicants' residences or business facility locations (planned) until the 19th (Thursday) of this month, and will set priorities based on scoring criteria in the evaluation table before recommending applicants to Gyeonggi Province.

Farmers finally selected by Gyeonggi Province can receive loans from the NH Nonghyup (National Agricultural Cooperative Federation) Icheon City branch.

Kim Dong-ho, director of the Icheon City Agricultural Technology Center, stated, "In the case of the agricultural and rural development fund, even if applicants are selected as project targets, loans may not be approved depending on individual credit and collateral capacity." He conveyed that applicants must visit the NH Nonghyup Icheon City branch before applying and obtain a 'Pre-Credit Investigation Report for Agricultural and Rural Development Fund' through the bank before they can apply for the project.