Agricultural Modernization Fund Subsidy Law
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A law enacted in 1961 that stipulates that the national and prefectural governments will subsidize interest on long-term, low-interest loans from agricultural cooperative funds to farmers and agricultural cooperatives. The subsidy covers facilities for agricultural modernization, agricultural machinery, livestock breeding, fruit cultivation, etc. It supplements the Basic Agricultural Law from a financial perspective. Source : Heibonsha Encyclopedia About MyPedia Information |
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農家や農業協同組合に対する農協系統資金の長期低利融資に，国・都道府県が利子補給することを定めた法律（1961年）。対象は農業近代化のための施設，農機具，家畜飼育，果樹栽培等の資金。農業基本法を金融面から補うもの。
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