Massive death of pepper, farmers can reduce bank interest

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State Bank branch in Binh Phuoc province supported farmers whose pepper cultivation died on a total support area of ​​1,658 hectares, with a support budget of VND 8.2 billion.

Follow News, The State Bank of Vietnam (SBV) Binh Phuoc province branch, banks in the province have restructured the repayment term of principal and reduced interest for thousands of pepper farmers who were damaged by mass death of their trees.

Accordingly, bank branches have restructured the repayment period of principal and interest for 764 customers with outstanding balance of more than 354 billion dong; interest reduction for 4,411 customers with outstanding balance of interest reduction of more than 918 billion dong, the amount of interest reduced by more than 8 billion dong.

Binh Phuoc province is considered the “capital” of pepper in the country with an area of ​​over 14,000 hectares. In the crop years 2018 – 2019 and 2019 – 2020, many areas of pepper trees in Binh Phuoc province experienced mass deaths due to diseases, causing great damage to farmers.

Pepper capital Binh Phuoc has more than 1,100 hectares of pepper died from disease. (Photo: Dai Doan Ket Newspaper)

In Bu Gia Map district, in the crop year 2019-2020, it suffered the most damage with 1,100 hectares of dead pepper trees, of which Dak O commune accounted for the majority, with 875 hectares of dead pepper.

Before the above losses of pepper farmers, Binh Phuoc Provincial People’s Committee approved a policy to support farmers whose pepper cultivation died in the province with a total support area of ​​1,658 hectares, support budget of VND 8.2 billion. .

To support pepper growers to restore production, branches of the State Bank in the area have lent 4,138 new customers with a total outstanding loan of VND 824 billion.

Over time, the banking industry continues to implement solutions to remove credit difficulties for people damaged by the disease on pepper to restore production and business.

According to VietnamBiz

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