Home>Latest

​Longyou Rural Commercial Bank leads villagers to prosperity

chinadaily.com.cn| Updated :2022-03-18

Longyou Rural Commercial Bank in Longyou county, Quzhou, East China's Zhejiang province, has launched agricultural support policies in an effort to bring prosperity to villagers.

78a9c42307d31f915fea24cd78f5e082.jpg

Tea plantations in Luojia township, Longyou county, Quzhou. [Photo/qz828.com] 

In recent years, with help from the agricultural support policies of Longyou Rural Commercial Bank, Xijia village in Luojia township has designated more than 300 mu (2 hectares) of land to carry out the large-scale production of yellow tea.

About 700,000 yellow tea seedlings have been planted, increasing the income of 600 villagers by a combined 1.5 million yuan ($235,468.1). The Longyou yellow tea plantation covers an area of more than 4,000 mu and has an annual output of 200,000 kilograms worth 30 million yuan.

Yellow tea cultivation provides many jobs for local residents and has increased the incomes of 9,880 locals in 10 administrative villages in the township.

The bank helps farmers who are short of funds to purchase advanced tea sifting and grading machines and dryers through loans, said Lin Chao, director of the Luojia branch of Longyou Rural Commercial Bank.