The national financial targeted poverty alleviation loan balance exceeds 4 trillion yuan, and the insurance industry has provided risk protection to 98 million sub-poor households
CCTV News:
Funding is the guarantee for poverty alleviation.
The reporter learned from the China Banking and Insurance Regulatory Commission that the current balance of targeted financial poverty alleviation loans across the country has exceeded 4.21 trillion yuan.
In the past four years, the insurance industry has provided risk protection to 98 million sub-poor households.
According to statistics from the China Banking and Insurance Regulatory Commission, as of the end of the second quarter of this year, the balance of the national financial targeted poverty alleviation loans was 4.21 trillion yuan, and the quality and quantity of targeted poverty alleviation loans for individuals, industries and projects have been greatly improved from 2015.
Among them, a total of more than 420 billion yuan has been allocated for relocation loans for poverty alleviation and nearly 500 billion yuan has been issued for poverty alleviation microfinance.
Statistics also show that in the first eight months of this year, agricultural insurance provided risk protection for 10.77 million poor households, paid 940 million yuan in compensation, and benefited more than 750,000 poor households.
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.