Gov't inputs 805m yuan for agriculture

(Xinhua)

Updated: 2013-11-02

The Ministry of Finance on Friday said the government has recently allocated 805 million yuan ($131.11 million) to boost agricultural industrialization.

The investment aims to support new agricultural management systems and industrialization of competitive products.

Of the total, 460 million will go to leading enterprises that can help drive agricultural growth and 345 million will go to a program to support each county on one special local product.

The fund will cover 28 provinces, autonomous regions and municipalities including Beijing, Hebei and the Inner Mongolia, as well as three cities listed independently in the state plan, including Dalian, Ningbo and Qingdao.