China News Service, April 15th, according to the website of the Ministry of Finance, the Ministry of Finance, the Ministry of Agriculture and Rural Affairs, the China Banking Regulatory Commission and the People's Bank of China jointly issued a notice on further improving the national agricultural credit guarantee work. The notice pointed out that the support for the production of important agricultural products such as grains and live pigs should be highlighted; the guarantee scale should be limited to the single-insured balance of no more than 10 million yuan. Provincial agricultural companies can only carry out "dual-control" business and accelerate the digestion of stocks outside the "dual-control" business. At the same time, the insured balance of the policy business of 100,000 to 3 million yuan shall not be less than 70% of the total guarantee balance.
The notice requires that we steadily increase the scale of our business and give full play to the role of policy-based agricultural responsibility. Banking financial institutions should actively innovate the mode of working capital loan service for agricultural moderate-scale business entities such as farmers ’cooperatives, family farms, agricultural socialization service organizations, large farmers, small and micro agricultural enterprises, and agree to renew loans for agricultural projects that meet the conditions for lending. In the form of clearing existing loans through new loans, allowing them to continue to use loan funds.
The notice made it clear that we must adhere to the bottom line thinking and constantly improve the risk prevention and control mechanism for farmers. Provincial agricultural companies should effectively strengthen post-guarantee services and management, encourage a variety of effective methods to promptly revitalize and dispose of risk projects, and compensate projects to increase recovery efforts to minimize losses. It is necessary to give play to the main role of the company and the leading role of the government, severely crack down on all kinds of debt evasion and protect the rural credit environment.