Huanjiang funds $8.48m in industrial poverty alleviation

Huanjiang Maonan autonomous county of Hechi recently integrated a variety of incentive funds, amounting to about 60 million yuan ($8.48 million), aiming to widen the channels of income increases for registered impoverished households and promote the development of poverty alleviation industries.

"The funds can guide and encourage impoverished households in the county to engage in the poverty alleviation industries, which is conductive to improving the systematization and scale of the county's characteristic industries," said the person in charge of the county's command center for poverty alleviation.

The impoverished people that receive the incentive funds must develop new projects that cover the industries of beef cattle, tea-oil trees, miniature pigs, and ducks.

For those who are unable to develop the aforementioned industries due to environmental conditions, existing industrial bases, and the industrial development potential, other industrial projects can be added according to local conditions.

The accumulative amount of incentive funds for impoverished households who have not been lifted out of poverty shall not exceed 6,000 yuan for each household in one year. If involved in new projects in the industries of beef cattle, tea-oil trees, miniature pigs, and ducks, each impoverished household can receive an accumulative incentive fund of up to 10,000 yuan in one year.

Families that have been lifted out of poverty from 2016 to 2019 can be rewarded an accumulative incentive fund of up to 5,000 yuan in one year. For those that were lifted out of poverty in the years 2014 and 2015, the accumulative amount of incentive funds for each family shall not exceed 3,000 yuan in a year.

For projects that have made achievements within one year, a one-time incentive fund shall be given to impoverished households according to the projects' industrial scale and realized benefits, after the project results are examined and approved by the local people's government and relevant departments.

Projects that have achieved results for more than one year, but less than two years, which have passed the approval of the relevant departments each year before generating economic benefits can be subsidized for two years, with 80 percent of the incentive funds given in the first year and 20 percent in the second year.

Projects that have achieved results for more than two years, which have passed the approval of the relevant departments each year before generating economic benefits can be subsidized for three years, with 70 percent of the incentive funds given in the first year, 20 percent in the second year, and 10 percent in the third year.