Financial innovation boosts industry revitalization
Our reporter Yu Yong
In the North China Plain in winter, most of the land has entered a period of rest, but in the Agricultural Bank of China Picking Garden in Yuanzi Village, Wugong Town, Raoyang County, Hebei Province, the greenhouses are still full of greenery.
"To consolidate and expand the achievements of poverty alleviation, the 'bull's eye' is to promote the sustainable development of local industries." said Wang Zhaoyang, general manager of the rural revitalization and financial department of the Agricultural Bank of China.
Raoyang County is located in the hinterland of the North China Plain. As a local feature, the facility fruit and vegetable and aquaculture industries have developed rapidly in recent years. Since 2015, the Agricultural Bank of China has designated a designated area to help Raoyang County, and has successively invested 74.875 million yuan in assistance funds for the county. Focusing on local characteristic and advantageous industries, nearly 30 assistance projects have been built, including "ABC Picking Park", "Poverty Alleviation Shack Demonstration Area", "Xizhao Village Shack Project" and "Intelligent Multi-span Greenhouse for Nursing Seedlings".
"Pick-picking gardens increase the added value of fruits and vegetables, and also drive rural tourism, which is an important source of income for villagers," said Zhang Zhanli, secretary of the Party branch of Yuanzi Village.
The ABC Picking Garden project promotes the further development of the village's agricultural industry, and the average grape income per mu has increased by more than 2,000 yuan.
Taking the picking garden as a breakthrough, the two village committees also actively encouraged the villagers to develop new facility agriculture, and more than 30 villagers used credit user loans to build cold storage and greenhouses, with an average income increase of more than 10,000 yuan.
Xu Qiao, deputy head of the ABC head office in Raoyang County, introduced that over the years, the bank's assistance projects have benefited more than 70,000 people, including more than 8,000 people who have been registered and registered to get rid of poverty.
How to drive more farmers to participate in the rural revitalization industry, the power of financial innovation is highlighted at this time.
Agricultural Bank helped Raoyang County to establish the first county-level financial center serving "Sannong" in Hebei Province in 2016, and created a financial poverty alleviation model of "government-bank-enterprise household insurance".
Villagers apply for government credit-enhancing loans at the village financial workstation. After discussions and on-site visits, the two village committees recommend them to the township. After being reviewed and approved by the relevant person in charge of the township, they are recommended to serve the “Sannong” financial center in the county. Level on-site audit check, recommend to the Agricultural Bank or other cooperative banks to apply for loans.
It is worth mentioning that ABC has established a three-level financial service network system of village-level preliminary review, town-level review, and county-level joint review meetings.
The Agricultural Bank of China has developed the "Raoyang County Government Credit Enhancement Business Platform" system. Yin Kuanjun, director of the "Sannong" Financial Center of Raoyang County, said, "After the credit enhancement system is launched, it avoids the risk of fraudulent application materials and increases customer acquisition channels. At the same time, it has realized 'let the people run less errands and let information run more'".
As of the end of November 2021, the county has issued a total of 313 million yuan in government credit enhancement industry loans, and the service has driven 8,536 people out of poverty.
Raoyang County is a microcosm of Agricultural Bank of China's financial assistance to the revitalization of rural industries.
Since 2021, the bank has comprehensively increased its financial services.
As of the end of November 2021, the balance of ABC's county-level loans was 6.16 trillion yuan, an increase of 865.8 billion yuan over the beginning of the year, a growth rate of 16.36%, 3.25 percentage points higher than the growth rate of loans across the bank; the balance of loans in 832 poverty alleviation counties was 1.45 trillion yuan , an increase of 170.4 billion yuan from the beginning of 2021; the balance of loans in key counties for national rural revitalization is 260.6 billion yuan, an increase of 29.3 billion yuan from the beginning of 2021.
Our reporter Yu Yong
Our reporter Yu Yong