Icheon City Accepts Applications for 2026 Gyeonggi Province Agriculture and Rural Development Fund Support Projects

[Suwon Ilbo=Eom In-yong Reporter] Starting from the 3rd, Icheon City will begin accepting applications for the "2026 Gyeonggi Province Agriculture and Rural Development Fund" agricultural and fisheries management funds and agricultural and fisheries production distribution facility funds projects to support farmers with long-term, low-interest financing and help stabilize management.

The "Agricultural and fisheries management funds" is a project that provides low-interest financing for expenses related to agricultural and livestock management to improve farmers' income, quality of life, and enhance competitiveness and management stability. Support amounts are up to 60 million won per farm household and 200 million won for agricultural corporations, with an annual interest rate of 1% and repayment conditions requiring full principal and interest repayment within 2 years from the loan date.

The "Agricultural and fisheries production and distribution facility funds" is a project that provides low-interest financing for funds necessary to establish an agricultural base, such as farmland purchases and installation of facilities like vinyl greenhouses. Eligible applicants are agricultural and fisheries management entities operating in their business locations within the jurisdiction for one year or more in the relevant fields (horticulture, special crops, fruit trees, rice cultivation, livestock farming, etc.). For farmers, the maximum is 300 million won, and for agricultural and fisheries corporations, 500 million won, with an annual interest rate of 1%, with repayment conditions of 3-year grace period followed by 5-year equal repayment for farmers, and 2-year lump sum equal repayment for agricultural corporations.

The city will accept loan support applications through the Administrative Welfare Center in the jurisdiction of the applicant's residence or business location (planned location) by the 19th (Thursday), and will set priorities based on evaluation scores and recommend applicants to Gyeonggi Province.

Farmers finally selected by Gyeonggi Province can receive financing through the NH Bank Icheon City Branch.

Kim Dong-ho, Director of the Icheon City Agricultural Technology Center, said, "In the case of the Agriculture and Rural Development Fund, even if selected as a project target, financing may not be provided depending on an individual's credit and collateral capability," and explained that "applicants must visit NH Bank Icheon City Branch before applying and obtain an ‘Agriculture and Rural Development Fund preliminary credit investigation report’ issued through the bank to apply for the project."