Small Loan Guarantee Approval Procedures Simplified

In order to support the expansion of re employment for laid-off and unemployed people and promote the implementation of the policy of small guarantee loans, the people's Bank of China, the Ministry of finance, the Ministry of labor and social security and the China Banking Regulatory Commission have jointly held a videophone conference to promote the implementation of the policy of small secured loans.

Since the establishment of the small loan guarantee business of laid-off workers in 2002, the people's Bank of China, the Ministry of Finance and the Ministry of labor and social security have formulated a series of policy documents to promote the work of small secured loans and promote the re employment of laid-off workers.

In order to give better play to the positive effect of the small loan guarantee policy to promote the expansion of re employment, in March this year, the people's Bank of China, the Ministry of Finance and the Ministry of labor and Social Security jointly issued the notice on further promoting the work of small secured loans for laid-off workers, and further enhanced the operability and effectiveness of the policy from simplifying the guarantee procedures, lowering the guarantee threshold and defining the risk sharing mechanism.

The four departments jointly held a meeting to further publicize and implement relevant policies of small secured loans, exchange local policy practices and successful experiences, and promote new breakthroughs in the work of small secured loans.

The relevant functional departments should further enhance their ideological understanding, strengthen coordination and coordination, and concentrate their efforts on the following aspects: first, improve the risk sharing and compensation mechanism of small secured loans, streamline the loan guarantee and approval procedures, and reduce the threshold of counter guarantee; two, actively promote the experience of combining Entrepreneurship training with microfinance, and support laid-off and unemployed people to start their own businesses; three, make effective use of the work platform for street community labor security, actively carry out the creation of credit communities; four, speed up the progress of audit and allocation of various supplementary funds, ensure that funds are allocated in time; five, do a good job in the market positioning of small and medium financial institutions, provide high-quality financial services for laid-off workers; six, increase credit support for small businesses, and give full play to their radiation driven role in attracting employment. The conference proposed that governments at all levels and

At the meeting, the people's Bank of China and the Ministry of labor and social security proposed that in the second half of this year, the mode of entrepreneurship training and microfinance should be widely promoted in 100 large and medium-sized cities throughout the country.

At the same time, we will start the pilot project of establishing credit communities to promote small loans in 13 national entrepreneurship training demonstration cities, and give full play to the linkage effect of small secured loans and credit communities, effectively improving the quality of micro credit loans and the success rate of re employment.