Peru Adopts New Credit Policy To Promote Cotton Agriculture
The General Administration of agricultural competitiveness of the Ministry of agriculture of Peru announced the fund mechanism to consolidate the national cotton.
production
And distribution.
The Ministry of agriculture of Peru said that the small farmers group has proved their good credit standing, so it is possible to approve up to 7 billion 800 million Peru Saul ($2 billion 897 million) for farmers planting 2000 acres of cotton.
loan
。
This will benefit the 800 small agricultural groups in the central and lower leather regions.
According to the credit plan, 12 million Tallan ($4 million 457 thousand) loan has been approved for Piura's multi service cooperation agency Chusis-Costache.
The loan will be issued by the Agricultural Bank of China.
The money will be used.
Plant
Processing and distributing nearly 120 million pounds of raw cotton exports.
The fund plan implemented by the government of Peru is expected to generate more income for farmers because they can use credit mechanisms to produce more cotton.
It will also encourage cotton farmers in Peru to distribute their products globally.
The Ministry of agriculture of Peru said that approving the new credit will help cotton farmers to purchase various imports, better seeds, technical assistance, and higher incomes and living standards.
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