The three departments issued a document to increase the interest discount for entrepreneurial guaranteed loans.
  This year, the amount of loans issued increased by 80% to support 1 million entrepreneurs.

  Newspaper, Beijing, April 16 (Zhongqing Daily · China Youth Network reporter Zhang Junbin) Today, the Ministry of Finance and other three departments jointly issued the "Notice on Further Increasing the Interest Rate of Entrepreneurship Guaranteed Loans to Fully Support the Entrepreneurship and Employment of Key Groups" (hereinafter referred to as "Notice"), clearly increase the support for the interest discount on entrepreneurial guarantee loans, and make every effort to stabilize employment.

  The relevant person in charge of the Financial Department of the Ministry of Finance said that the new crown pneumonia epidemic has a continuous impact on China's economy and entrepreneurial employment, especially the impact of the epidemic has been transmitted to many aspects of the economy and society, resulting in the current low rate of overall resumption of work for small and medium-sized enterprises. , Difficulties in supporting the industrial chain, and difficulties in supporting the funds.

  The notice will affect individual industrial and commercial households, car-hailing drivers, taxi drivers, taxis, car-hailing companies or their subsidiaries that are heavily affected by the epidemic in wholesale and retail, accommodation and catering, logistics and transportation, cultural tourism, etc. Individuals who enjoy the interest discount policy for entrepreneurial guaranteed loans, have paid off their loans on time, and experienced operational difficulties during the epidemic are included in the scope of support.

  At the same time, the threshold for small and micro enterprises to enjoy the policy is even lower. In order to adapt to the current situation of limited recruitment of small and micro enterprises, it is necessary to appropriately reduce the proportion of new recruits.

  The loan amount is higher. Taking into account the significant increase in personal entrepreneurial costs such as rent and wages, the notice raised the maximum personal loan limit from 150,000 yuan to 200,000 yuan. For a partnership venture, the loan amount may be appropriately increased according to the number of partnership ventures, and the maximum amount shall not exceed 10% of the eligible individual loan amount.

  The loan term has also been extended. In order to solve the problem of liquidity funds for individuals and small and micro enterprises, the entrepreneurial guaranteed loans with temporary liquidity difficulties may be extended, up to June 30, 2020, during which the finance will grant normal discounts. For borrowers suffering from new coronary pneumonia, the extension period can be extended by 1 year.

  The notice also clearly requires shortening the approval time, implementing electronic approval, and gradually implementing the entire online process. The “one-stop” service will be gradually implemented, the human resources department will review the borrower ’s qualifications, the due diligence of the guarantee agency, and the pre-loan investigation of the financial institution will be “multi-examination in one”.

  According to preliminary statistics, in 2019, about 100 billion yuan will be issued for nationwide entrepreneurial guaranteed loans. The above-mentioned person in charge said that with the mitigation of the epidemic and the increase in support policies, it is expected that the amount of loans issued will be increased by 80% over the previous year in 2020, and will support 1 million individual entrepreneurs and 10,000 small and micro enterprises, respectively The number increased by 43% and 52%. The amplification effect of fiscal funds increased from 41 times the previous year to 73 times.

  Source: China Youth Daily