Zhongxin Finance, May 25. On the 25th, the Ministry of Finance issued the "Notice on Giving Full Play to the Guiding Role of Fiscal Policy to Support the Development of Financial Assistance to Market Entities in Bailout", requiring increased interest discounts on guaranteed loans for business start-ups, with a focus on increasing the number of people affected by the epidemic. The support of large-scale small and micro enterprises and individual industrial and commercial households in the transportation, catering, accommodation, tourism and other industries will help enterprises stabilize their jobs.

  The specific notice is as follows:

  1. Give full play to the credit enhancement role of government financing guarantee institutions.

Local government financing guarantee institutions at all levels provide financing guarantee support to qualified small, medium and micro enterprises and individual industrial and commercial households in the transportation, catering, accommodation, tourism and other industries, perform their compensation obligations in a timely manner, and promote financial institutions to lend as soon as possible without taking out loans , do not pressure loan, continue to loan.

In 2022, the above-mentioned qualified financing guarantee business will be included in the scope of re-guarantee cooperation of the National Financing Guarantee Fund.

Where conditions permit, it is necessary to increase support for government financing guarantee institutions such as capital replenishment and guarantee fee subsidies.

  2. Increase the interest discount on guaranteed loans for business start-up.

Local financial departments at or above the county level should, in conjunction with relevant parties, increase the promotion and implementation of the policy of discount interest on guaranteed loans for business start-up, with a focus on increasing the support for small and micro enterprises and individual industrial and commercial households in the transportation, catering, accommodation, tourism and other industries that have been greatly affected by the epidemic. Support and help enterprises stabilize their jobs.

Where conditions permit, it is necessary to accelerate the promotion of the online business model of entrepreneurship guaranteed loans, simplify the business approval process, and improve the convenience of loans.

Local financial departments at or above the county level shall supplement the guarantee funds for entrepreneurship guaranteed loans in a timely manner according to regulations, or government financing guarantee institutions shall provide guaranteed credit enhancement for qualified entrepreneurship individuals and small and micro enterprises to support the expansion of entrepreneurship guaranteed loans.

  3. Implement the incentive and subsidy policy for the central government to support the development of inclusive finance demonstration zones.

All provincial finance departments should conscientiously organize the implementation of the "Notice of the Ministry of Finance, the People's Bank of China, China Banking and Insurance Regulatory Commission on Implementing the Central Finance Supporting Inclusive Finance Development Demonstration Zone Award and Subsidy Policy" (Cai Jin [2021] No. 96), and instruct the finance department where the demonstration zone is located to quickly Formulate methods for the allocation, use and management of reward and subsidy funds, implement detailed demonstration zone construction plans, strengthen departmental coordination and policy linkage, and effectively guide inclusive financial services to increase, expand coverage, reduce costs, and increase efficiency.

  Fourth, improve the risk protection level of agricultural insurance.

Relevant provincial finance departments shall, in conjunction with relevant parties, strictly implement the relevant requirements of the "Notice of the Ministry of Finance, Ministry of Agriculture and Rural Affairs, China Banking and Insurance Regulatory Commission on Expanding the Implementation Scope of Complete Cost Insurance and Planting Income Insurance for the Three Major Grain Crops" (Cai Jin [2021] No. 49), and carefully. Organization, careful deployment, monthly scheduling, strengthening budget guarantees, ensuring that rice, corn, and wheat in major grain-producing provinces and large grain-producing counties can achieve full cost insurance and full coverage of planting income insurance during the year, stabilize the income of grain farmers, and serve to ensure the security of staple grains.

The Guangxi Zhuang Autonomous Region Department of Finance should work with relevant parties to carry out the complete cost insurance of sugar cane and planting income insurance in an orderly manner, further improve the insurance plan, optimize the compensation mechanism, strengthen the management of insurance claims, and increase the enthusiasm of farmers to plant sugar cane.

The Department of Finance of Heilongjiang Province and the Department of Finance of Inner Mongolia Autonomous Region should work with relevant parties to carry out the pilot work of soybean full cost insurance and planting income insurance, determine the pilot counties as soon as possible in light of the actual situation of local agricultural insurance work, and guide the pilot counties to do a good job in the selection of insurance agencies, the setting of insurance clauses, Premium subsidy review, performance evaluation and other work help to improve the self-sufficiency rate of soybean oil in my country.

  5. Promote the insurance of agricultural products with local advantages and characteristics.

All provincial finance departments should guide local finance departments at or above the county level to carry out insurance for agricultural products with local advantages and characteristics in a steady manner according to local conditions, and determine the number of varieties, insurance amounts, insurance rates and premium subsidy ratios based on local conditions and financial affordability, and support local advantageous and characteristic agriculture. Industrial Development.

For the insurance of qualified local agricultural products with advantages and characteristics, the central finance will give rewards and subsidies according to the scale of insurance premiums of local agricultural products with advantages and characteristics and the results of comprehensive performance evaluation.

  6. Strengthen the coordination of insurance, guarantee and credit policies.

All provincial finance departments should actively connect with China Agricultural Reinsurance Co., Ltd., the National Financing Guarantee Fund Co., Ltd., and relevant commercial banks for the "financial-juanongdai" business.

For provinces (autonomous regions and municipalities, including XPCC) with good business development results, the central government will give appropriate extra points in the comprehensive performance evaluation of agricultural insurance premium subsidies and the performance evaluation of demonstration zones for the development of inclusive finance supported by the central government.

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