China News Service, Beijing, October 14 (Reporter Ruan Yulin) Li Junfeng, director of the Inclusive Finance Department of the China Banking and Insurance Regulatory Commission, said at the Banking and Insurance Industry Poverty Alleviation Forum held in Beijing on the 14th that as of the end of the second quarter of 2020, the nationwide financial targeted poverty alleviation The loan balance was 4.21 trillion yuan (RMB, the same below); the total amount of microfinance for poverty alleviation was nearly 500 billion yuan, benefiting more than 11 million poor households.
According to the data, as of the end of the second quarter of 2020, the balance of national financial targeted poverty alleviation loans was 4.21 trillion yuan; a total of nearly 500 billion yuan of poverty alleviation microfinance was issued, benefiting more than 11 million poor households; a total of 4,200 relocation loans were issued More than 100 million yuan; from 2016 to 2019, the insurance industry has provided more than 910 billion yuan in risk protection for more than 98 million sub-poor households.
In February of this year, the State Council’s Poverty Alleviation Office and the China Banking and Insurance Regulatory Commission issued a notice requesting localities to find out how poor households’ production and operations are affected by the epidemic.
Strengthen real-time monitoring and analysis, fully grasp the proportion and regional distribution of loans due during the year, continue to pay attention to key areas that are severely affected by the epidemic and have greater repayment pressure, and effectively prevent credit risks.
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