"Up to 300 Million Won Loans"... Jangseong County Offers Financial Support for Returning Farmers

Low 2% Annual Interest Rate Benefit
Up to 75 Million Won in Housing Purchase Support

Jangseong County in Jeonnam is accepting applications for a loan program that provides up to 300 million won in start-up capital and up to 75 million won in housing purchase funds per household, aiming to help new farmers settle in the region and alleviate their initial financial burden.

Panoramic view of Jangseong County Office, Jeonnam.

On June 18, Jangseong County announced that it will be accepting applications for the "Returning Farmer Agricultural Start-up Fund and Housing Purchase Support Project (Loan)" until July 6.

The "Returning Farmer Agricultural Start-up Fund" is a project that provides loans of up to 300 million won per household, which can be used for farmland purchases, construction of greenhouses, or livestock sheds. The loan conditions are an annual interest rate of 2%, with a 5-year grace period and repayment over 10 years.

The "Housing Purchase Support" program provides loans of up to 75 million won per household for the purchase, construction, or expansion and renovation of houses, under the same terms as the agricultural start-up fund.

The exact loan amount will be determined based on the results of credit and collateral evaluations. Final candidates will be selected through a two-step process: a first-round document review and a second-round interview.

Eligible applicants include: ▲ one member of a household between the ages of 18 and 65; ▲ those who have lived outside rural areas for over one year; ▲ and those who have moved to Jangseong County within the past six years to engage in farming.

Those currently living in rural areas but not engaged in agriculture may also apply if they have been registered as residents of Jangseong for over one year and have not had any farming experience in the past five years.

Individuals wishing to return to farming are also eligible. This applies to those who plan to move in within this year and have lived outside rural areas for over one year prior to relocation. However, loan applications can only be made after moving in, and the loan must be executed within this year.

To apply, applicants must prepare the required documents and submit them in person to the Rural Support Division of the Jangseong County Agricultural Technology Center by July 6. The necessary documents can be downloaded from the notice section on the Agricultural Technology Center’s website.

For further inquiries, please contact the Returning Farmer Management Team at the Rural Support Division of the Jangseong County Agricultural Technology Center.

A Jangseong County official said, "We expect this program will significantly reduce the initial financial burden for new farmers," adding, "We hope many aspiring agricultural workers looking to settle stably in Jangseong will show interest and apply."

This content was produced with the assistance of AI translation services.