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Dongsheng: 770 mn yuan of credit funds accumulated for rural revitalization
Updated: 2021-01-12    Source: Zhongshan Daily Large Medium Small Print

Rural revitalization strategies have been thoroughly implemented in Dongsheng Town. In conjunction with financial institutions such as the Dongsheng Branch of Zhongshan Rural Commercial Bank, Dongsheng Town has developed a new mode of financial services for rural revitalization, implemented the "Village Credit Extension" Sunshine Credit Project and innovated products serving the needs of the agriculture industry.

The Dongsheng Branch of Zhongshan Rural Commercial Bank has invested 770 million yuan of related credit funds in recent years, benefiting nearly 3,000 residents and merchants in the town.

Its product innovation includes unsecured "crisped grass carp farm loans" to build new financing channels for farmers. Currently, the total credit amount of such a loan is nearly 400 million yuan. The current outstanding loan balance is 118 million yuan, and the number of households participating in the credit fund is 168.

Next, Dongsheng Town will continue to promote rural revitalization by exploring new modes of rural financial services, improving local rural industries, and optimizing agricultural-related products such as the "crisped grass carp farm loan", "fish-farm loans" and business loans, which would contribute to improving agricultural efficiency and increasing farmers' incomes.

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