The coordination board of the Climate Change Adaptation in the MekongDelta ( AMD ) project in Tra Vinh organised a conference to introducethe Climate Change Adaption (CCA) fund on June 25.
The goal of the fund is to reduce risks and encourage the applicationof proper production models and services to yield sustainable incomesfor local residents under changing environmental conditions as well asraise climate change adaptation capability among communities.
Huynh Nghia Tho, Director of the board, said from 2015-2019, the CCAFund will sponsor 28 CCA production models in farming, animal livestockand seafood with a non-refundable aid of 47 billion VND (2.15 millionUSD).
Qualified models yield high output despiteclimate change impacts and have been recommended for expansion by theTra Vinh Department of Agriculture and Rural Development.
Under the conditions of the fund, organisations and individualsparticipating in verified production models will be assisted withnon-refundable aid up to 50 percent of the total production or businesscosts.
Households will be provided with amaximum assistance of 30 million VND (1,375 USD) each while maximumloans for groups or teams is up to 750 million VND (34,387 USD).
Of 28 models qualifying for access to the fund, 13 are in farming,seven in animal livestock and eight in seafood aquaculture.
The AMD Tra Vinh project is being implemented from 2014 to 2020 in 30communes in seven districts with 15,000 impoverished andnearly-impoverished households benefitting from it.
The total investment capital of the project is 521 billion VND (23.88million USD), a blend of a 233.5 billion VND (10.8 million USD) loanfrom the International Fund for Agricultural Development (IFAD), anon-refundable aid package of 126.5 billion VND (5.86 million USD), 79.5billion VND (3.68 million USD) in corresponding capital from theVietnamese Government and a 81.5 billion VND (3.77 million USD) frombeneficiaries.-VNA
The goal of the fund is to reduce risks and encourage the applicationof proper production models and services to yield sustainable incomesfor local residents under changing environmental conditions as well asraise climate change adaptation capability among communities.
Huynh Nghia Tho, Director of the board, said from 2015-2019, the CCAFund will sponsor 28 CCA production models in farming, animal livestockand seafood with a non-refundable aid of 47 billion VND (2.15 millionUSD).
Qualified models yield high output despiteclimate change impacts and have been recommended for expansion by theTra Vinh Department of Agriculture and Rural Development.
Under the conditions of the fund, organisations and individualsparticipating in verified production models will be assisted withnon-refundable aid up to 50 percent of the total production or businesscosts.
Households will be provided with amaximum assistance of 30 million VND (1,375 USD) each while maximumloans for groups or teams is up to 750 million VND (34,387 USD).
Of 28 models qualifying for access to the fund, 13 are in farming,seven in animal livestock and eight in seafood aquaculture.
The AMD Tra Vinh project is being implemented from 2014 to 2020 in 30communes in seven districts with 15,000 impoverished andnearly-impoverished households benefitting from it.
The total investment capital of the project is 521 billion VND (23.88million USD), a blend of a 233.5 billion VND (10.8 million USD) loanfrom the International Fund for Agricultural Development (IFAD), anon-refundable aid package of 126.5 billion VND (5.86 million USD), 79.5billion VND (3.68 million USD) in corresponding capital from theVietnamese Government and a 81.5 billion VND (3.77 million USD) frombeneficiaries.-VNA
