China: Policy interpretation of the "Implementation Plan for Financial Support in Promoting High-Quality Development of Livestock Industry in Hunan Province"
Innovation & Technology
Regulation & Compliances
Published Nov 30, 2023
The Provincial Department of Agriculture and Rural Affairs in Hunan Province has formulated an "Implementation Plan for Financial Assistance in the High-Quality Development of the Animal Husbandry Industry" in response to the Ministry of Agriculture and Rural Affairs and the Agricultural Bank of China's call to promote the high-quality development of the industry. The plan focuses on supporting key areas, key entities, and core links of the animal husbandry industry's industrial chain, and aims to issue over 5 billion yuan in "five-in-one" smart animal husbandry loans by 2024. It also outlines measures such as determining support objects, optimizing support methods, lowering access standards, innovating guarantee methods, and exploring post-loan management.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
1. Introduction background Animal husbandry is an important industry related to the national economy and people's livelihood. Our province is a major animal husbandry province. The number of pigs sold ranks second in the country and first in the central provinces. In recent years, the Provincial Department of Agriculture and Rural Affairs has accelerated the work deployment of the Provincial Party Committee and Provincial Government. Promoting the high-quality development of the animal husbandry industry, positive progress has been made in industrial transformation and upgrading. In September 2022, the Ministry of Agriculture and Rural Affairs and the Agricultural Bank of China jointly issued the "Financial Support Work Plan for the High-Quality Development of the Animal Husbandry Industry" (Nongbanmu  No. 21), All localities are required to strengthen coordination, innovate methods and methods, increase financial support, and promote the high-quality development of the ...