China News Service, March 15th. According to the website of the China Banking and Insurance Regulatory Commission, recently, the China Banking and Insurance Regulatory Commission, the Ministry of Finance, the People's Bank of China, and the National Rural Revitalization Bureau jointly issued the "Notice on Doing a Good Job in Microfinance for People Alleviating Poverty in the Transition Period" (Hereinafter referred to as "Notice").

The "Notice" pointed out that microfinance for poverty alleviated people insists on household borrowing, household use, and household repayment, and is precisely used for loan households to develop production and business operations. It cannot be used for non-productive expenditures such as marriage, house construction, financial management, and purchase of household goods. Nor can it be used by enterprises or other organizations in the form of dividends, on-lending, or exchange of indicators.

  The "Notice" clarified that the target of microcredit support for the poverty alleviation population is the poverty alleviation households who set up files and set up credit cards. The loan amount is in principle less than 50,000 yuan (inclusive), and the loan period is within 3 years (inclusive). The implementation of non-guarantee and mortgage-free, fiscal funds Appropriate discounts and encouragement to lend at LPR, and the existing risk compensation mechanism remains basically stable.

Poverty-prone households on the fringe can follow suit.

  The "Notice" pointed out that microfinance for poverty alleviated people insists on household borrowing, household use, and household repayment, and is precisely used for loan households to develop production and business operations. It cannot be used for non-productive expenditures such as marriage, house construction, financial management, and purchase of household goods. Nor can it be used by enterprises or other organizations in the form of dividends, on-lending, or exchange of indicators.

  The "Notice" emphasizes that it is necessary to effectively meet the credit needs of people who have been out of poverty.

Banking institutions must accurately carry out credit rating credits, reasonably determine loan quotas and periods, and strive to meet the loan needs of the poverty-stricken people under the premise of compliance with policies and controllable risks.

It is necessary to strengthen the management of the renewal and extension of microfinance for the poverty-stricken population, increase loans reasonably, and continuously innovate credit service methods.

  The "Notice" pointed out that it is necessary to effectively prevent and control credit risks.

Improve the credit management mechanism of banking institutions, do not overemphasize the loan acquisition rate, and effectively regulate the issuance and use of credit funds.

Properly dispose of overdue loans, and improve risk compensation and sharing mechanisms.

  The "Notice" proposes to further consolidate the work foundation.

Support the cultivation and development of county-level pillar industries and advantageous characteristic industries in poverty alleviation areas, promote the construction of credit systems in poverty alleviation areas, establish and implement the main responsibility bank system for microfinance for poverty alleviation populations, and continue to carry out the "dual base" linkage between grassroots banks and grassroots party organizations.

  The "Notice" requires continuous improvement of the micro-credit support policy for the poverty alleviation population.

Banking and insurance supervision departments must implement differentiated supervision policies, the People’s Bank of China must make good use of monetary policy tools such as re-lending and differentiated deposit reserves, financial departments must arrange fiscal interest subsidies, and rural revitalization departments, especially county-level departments, must organize well Coordination, policy publicity, industry guidance, etc.

  The "Notice" finally emphasized that we must conscientiously implement the work.

Strengthen organization and leadership, increase work coordination, policy coordination, and information sharing, and give full play to work synergy.

We will conscientiously do a good job in statistical monitoring, analysis and scheduling of microfinance for people out of poverty, and establish a regular consultation, monitoring and reporting system.

Promote the micro-credit policy for the poverty alleviation population in a form that the masses love to hear, and create a good atmosphere of public opinion.

  In the next step, the China Banking and Insurance Regulatory Commission will conscientiously implement the "Notice" with relevant departments, give full play to the role of microfinance for the poverty alleviation population, help consolidate and expand the achievements of poverty alleviation, and achieve an effective connection with rural revitalization.