Denmark grants US 3.5 million to support farmers

Ha Noi, Dec. 17 (VNA) -- Denmark will provide a grant of USD 3.5 million to establish a fund to guarantee farmers' loans.

A framework agreement to this effect was signed in Ha Noi on Dec. 15 between the Ministry of Agriculture and Rural Development and the Bank for Agriculture and Rural Development of Viet Nam and the Danish International Development Agency (DANIDA).

The fund aims to help farming households, groups of farmers and cooperatives who have not enough collateral for credits to invest in small and medium-sized post-harvest facilities.

The agreement is within the framework of a programme on Denmark's non-refundable aid of USD 62 million to Viet Nam's agricultural development in the 2000-2005 period, which was signed between the Vietnamese and Danish governments last August.--VNA