Guangdong increased financial support to bail out market players

2022-05-19

The author learned from the Provincial Department of finance that on the basis of implementing the existing financial support policies, Guangdong has invested 300 million yuan to increase financial support for the real economy, especially industries seriously affected by the epidemic, small, medium-sized and micro enterprises and individual industrial and commercial households. It is expected to leverage more than 30 billion yuan of small and micro enterprises and agriculture related loans to further support the relief of enterprises affected by the epidemic and maintain the stable operation of the economy. In view of the financing needs of small and micro enterprises and individual industrial and commercial households, the provincial finance will give a discount of no more than 1% to the part of small and micro enterprises and individual industrial and commercial households that apply for loans for the first time in local legal person financial institutions from April 1 to June 30, and the loan balance of a single household does not exceed 10 million yuan. At the same time, our province also actively encourages small and micro enterprises and individual industrial and commercial households in the province to apply for loans from local legal person financial institutions to expand the scope of policy benefits. "We will steadily reduce the financing costs of small and micro enterprises in Guangdong Province and huimen city by 1% to ensure that the financing costs of small and micro enterprises in Guangdong Province and huimen city meet the requirements of Guangdong Province." According to the relevant person in charge of the Provincial Department of finance, Guangdong also guided government financing guarantee institutions to reduce the service threshold and provide better guarantee products for small and micro enterprises and "agriculture, rural areas and farmers" by improving the compensation mechanism, which is expected to pry the scale of credit supply by about 10 billion yuan. In addition, this year, Guangdong plans to increase the capital injection into provincial agricultural financing guarantee institutions, give further play to the role of agricultural credit guarantee in helping agriculture, further enhance the support for the appropriate scale operation entities of agriculture in the province, and guide relevant financial institutions to increase the supply of agriculture related credit, which is expected to drive the supply of agriculture related credit by financial institutions to exceed 1 billion yuan. By April 2022, the cumulative business scale of agricultural credit guarantee in the province had reached 14.717 billion yuan, an increase of 66.71% over the same period last year, helping the development of Rural Revitalization in our province. (Xinhua News Agency)

Edit:Huang Huiqun    Responsible editor:Huang Tianxin

Source:southcn.com

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