Yunnan Xiangyun Rural Commercial Bank escorts the development of sericulture industry

In recent years, Yunnan Xiangyun Rural Commercial Bank has always adhered to the front line of agriculture, rural areas and farmers, and is always closely connected with rural revitalization. As of the end of October, the bank had issued a total of 282 sericulture loans this year, with a credit amount of 56.3015 million yuan, safeguarding the sustainable development of the sericulture industry.

Walking into Liuchang Town, Xiangyun County, Yunnan Province, the endless sericulture saplings beautify the village, green the hillsides, and green the fields. Since the People’s Government of Xiangyun County promoted the planting of sericulture industry in the county, Liuchang Town has developed for more than 10 years. The current mulberry garden area reaches 19,526.88 acres, 70,723 silkworms are raised throughout the year, 2,777 tons of cocoons are produced, and the output value reaches 150 million yuan. Qingpo , Songmei Village has developed into a “one village, one product” professional sericulture demonstration village, and the sericulture industry has become the characteristic industry of Liuchang Town.

In 2010, Cao Guangxuan, a villager in Qingpo Village, received a credit loan of 5,000 yuan from the Liuchang Branch of Xiangyun Rural Commercial Bank to develop 5 acres of sericulture planting. By 2022, his family’s sericulture planting area has reached 35 acres. Under the bank’s The credit amount was also mentioned at 300,000 yuan. Based on this year’s purchase price, his family’s annual sericulture income is about 300,000 yuan.

Sericulture not only increases the income of mulberry farmers and makes them rich, but also drives the development of related industries. Xiao Shuming, Liuchang Village, Liuchang Town, is engaged in the rough processing and sales of sericulture. Over the years, he has received more than 30 migrant workers from nearby villagers, making positive contributions to local economic development and villagers’ employment. Every time he mentioned his business experience, he would sincerely thank the government and Xiangyun Rural Commercial Bank for their credit funding support.

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