Xingtai Set Up Entrepreneurship Incentive Fund

Recently, in order to encourage reemployment of laid-off and unemployed people, Xingtai decided to set up 3 million yuan annually from reemployment funds and set up a reward fund for laid-off and unemployed entrepreneurs.

This fund is another measure to encourage laid-off and unemployed people to successfully reemployment after the small loan.

Its main purpose is to help and support the entrepreneurial and project oriented, effective laid-off and unemployed people to successfully start their business, and then lead more unemployed people to re employment.

This fund is listed separately and runs independently without interest.

All laid-off and unemployed persons who are affected by the shortage of funds can apply for this fund, with no more than 20 thousand yuan per person and no more than 2 years' service life.

The supporting persons must be used for normal production and operation within the term of the fund. They must sign a labor contract with the laid off and unemployed people, pay the old-age insurance premium and pay wages on time.

After the expiration of the term of use, the user of the fund is required to restore the funds, if necessary, to continue the application.

According to the number of layoffs and layoffs, those who are supported can also enjoy different amounts of venture capital reward.