The pilot project for the construction of high-standard farmland will receive a discount subsidy from August.
The reporter learned from the China Development Bank on the 21st that the Ministry of Finance and the China Development Bank recently jointly issued a notice on innovative investment and financing models to accelerate the pilot construction of high-standard farmland. The circular said that starting from August, the two sides will adopt two ways of discount and subsidy to support high-standard farmland construction pilot projects implemented by state-owned farms, leading enterprises in agricultural industrialization, farmers' professional cooperatives, joint-stock cooperatives, professional large households, family farms and other agricultural operators.
According to reports, the cooperation between CDB and the Ministry of Finance to support high-standard farmland construction will help to give full play to the leveraged role of financial funds and the advantages of CDB's medium-and long-term large-scale credit support. we will innovate new models and mechanisms for the effective combination of comprehensive agricultural development funds, credit funds and social funds, concentrate efforts on speeding up the construction of high-standard farmland and expand the scale of construction. We will open up new ways to change the mode of financial investment and deepen the reform of rural finance.
The circular requires that CDB strengthen cooperation with offices of comprehensive agricultural development at all levels and establish an effective communication and coordination mechanism. Agricultural development institutions should actively do a good job in the selection and recommendation of pilot projects for high-standard farmland construction, strictly check according to construction standards and requirements, and strengthen business guidance; CDB should take into account the actual situation and financing characteristics of agricultural development in the region, actively explore financing models, and increase medium-and long-term credit support for high-standard farmland construction.
As a development financial institution of the government, CDB has been committed to supporting China's agricultural development for a long time. By the end of June, CDB had issued a total of 167 billion yuan in modern agricultural loans, with a loan balance of 60.5 billion yuan. Positive results have been achieved in supporting agricultural infrastructure construction, grain production, seed industry, animal husbandry and other industrial development, and agriculture "going out" and other fields.
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