Thursday
May 25
2017

Cambodian Government Launches $60 Million Project to Help Small Farmers

The government yesterday launched the first phase of a project to help 15,000 farming families commercialize their operations and bring their produce—rice, cassava, chickens and silk—to market.

“The supply and demand in the country is not balanced—like with vegetables, so there are imports to fill the demand,” Commerce Minister Pan Sorasak said at the event yesterday at the Commerce Ministry in Phnom Penh. “We need to understand and organize a system to boost the harvests of these crops.”

The project, Accelerating Inclusive Markets for Smallholders, has two components: building infrastructure to help farmers, and offering special microfinance deals, including longer terms and 20 percent government subsidies.

Source: The Cambodia Daily (link opens in a new window)

Categories
Agriculture
Tags
agribusiness, agriculture, Cambodia, farming, governance, microfinance, poverty alleviation, SEA, small business