Zhongxin Finance, February 18th, "Zhejiang college students failed to start a business with a loan of less than 100,000 as government compensation". Recently, news about Zhejiang's policy to support college students' entrepreneurship has become a hot topic. Even due to the excessive number of inquiries, the Zhejiang Provincial Department of Human Resources and Social Security called was blown up.
If Zhejiang college students fail to start a business with a loan of less than 100,000 yuan as compensation from the government, can they not repay it?
In this regard, the Zhejiang Provincial Department of Human Resources and Social Security issued a document on the 18th to interpret the guaranteed loan policy for entrepreneurship.
Relevant policies were introduced in 2015, with a maximum loan of 500,000
According to reports, in 2015, the Zhejiang Provincial Government issued the "Opinions on Supporting Mass Entrepreneurship and Promoting Employment", which stipulates that college students and urban and rural workers who have entrepreneurial requirements and certain entrepreneurial conditions but lack entrepreneurial funds establish individual industrial and commercial households (including Certified online entrepreneurship), you can apply for a loan of no more than 300,000 yuan; if you operate a partnership or start a business, you can appropriately increase the loan amount.
In 2018, the Zhejiang Provincial Government issued the "Implementation Opinions on Doing a Good Job in Promoting Employment at Present and in the Future", increasing the maximum loan amount to 500,000 yuan.
The Zhejiang Provincial Department of Human Resources and Social Security stated that the main purpose of introducing this policy in 2015 is to reduce the burden and concerns of key groups, including college students, on entrepreneurship through the establishment of a fault-tolerant mechanism for entrepreneurship guarantee funds, and to encourage entrepreneurship and tolerate failure. The atmosphere is good, to solve the problems of key groups including college students who want to start a business but have no money, want to improve their entrepreneurial ability, no one helps, and no one cares about business failures.
All first-time entrepreneurs in Zhejiang can apply
The policy stipulates that all first-time entrepreneurs in Zhejiang can apply for entrepreneurial guaranteed loans.
Among them, five categories of people, including college students or college graduates (including junior colleges) within 5 years of graduation, those who have been unemployed for more than half a year, those with employment difficulties, veterans, and disabled persons with certificates, can apply for the start-up guarantee fund established by the government. secured loan.
Applying for a guaranteed loan for entrepreneurship must be reviewed and checked through two procedures: First, the human resources and social security department organizes experts to review the entrepreneurial project, and after passing the approval, a loan qualification certificate guaranteed by the entrepreneurial guarantee fund will be issued to college students; materials, and submit a loan application to the handling bank, and the handling bank will then investigate the situation of college students' entrepreneurial projects, credit status, solvency, etc.
After the examination and approval, the government's entrepreneurial guarantee fund provides guarantees for college students, and the handling bank issues loans to college students.
After the college students repay the loan principal and interest on schedule, they can apply to the Human Resources and Social Security Department for interest discount with the repayment certification materials issued by the handling bank.
If you fail to start a business and you cannot repay the loan, you will need to recover in principle after compensation.
If the loan cannot be repaid due to the failure of entrepreneurship, the loan guaranteed by the entrepreneurship guarantee fund established by the government is determined to be non-performing. If the loan is less than 100,000 yuan, it will be fully compensated by the entrepreneurship guarantee fund; the loan is more than 100,000 yuan and less than 500,000 yuan. 80% will be compensated by the Entrepreneurship Guarantee Fund.
At the same time, the implementation measures also clarified the recovery and write-off mechanism. After compensation, in principle, compensation should be recovered, but for those who are really unable to pay, they will be written off from the venture guarantee fund after approval according to the prescribed procedures.
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