Loans for mitigation of agricultural losses

Loans for mitigation of agricultural losses  aim to reduce agricultural losses operated under Decision No. 68/2013/QD-TTg dated 14/11/2013 of the Prime Minister and Circular No. 13/2014/TT-NHNN dated 18/04/2014 of the State Bank of Vietnam. By this loan, the State Budget will support loan interest rate for borrowers.

Objectives
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To assist borrowers in performing investment projects, manufacturing and purchasing agricultural machines and equipment to mitigate agricultural losses.

Suitable for
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Cooperative teams, Co-operatives and Enterprises established and operating under the law of Vietnam have demand for loans to mitigate agricultural losses.

Support policies
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Support policy for loan interest rate;

Support policy for interest rate difference.

Applicable conditions
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1. Support policy for loan interest rate:

For purchasing machines and equipment to mitigate agricultural losses;

Applicable to machines and equipment in list of eligible machines and equipment under regulations;

Customers meet borrowing conditions of the package.

2. Support policy for interest rate difference:

Using loans to perform machinery and equipment investment projects for mitigation of agricultural losses (including workshop investment), projects on manufacture of agricultural machinery and equipment;

Machinery and equipment investment projects are appraised under instructions of the Ministry of Agriculture and Rural Development;

Investment projects which have not been supported by other policies;

Customers meet borrowing conditions of the package.

Benefits
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1. Support policy for interest rate:

100% of loan interest rate in the first 02 (two) years and 50% of loan interest rate in the third (03) year will be supported;

Loan interest rate is supported for three years;

Loan amount is up to 100% of goods value.

2. Support policy for interest rate difference:

Differences between Nam A Bank’s commercial interest rate and State’s investment & development interest rate will be supported;

Loan term and finance term are up to 12 months;

Loan amount is up to 70% of project value.

Required documents
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Loan documents under regulations of Nam A Bank and the package.

Contact
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For more details about products and services, please contact:

Transaction Offices of Nam A Bank nationwide
Or Customer Service Center 

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