Anhui's New Round Of Small Loan Guarantee Policy Starts

In order to encourage self employment and promote entrepreneurship, the Wuhu municipal government of Anhui recently issued a new round of small loan guarantee policy. It supports small businesses, laid-off workers, demobilized soldiers, college graduates and urban registered unemployed persons.

The new round of laid-off workers' small loan guarantee measures has expanded the scope of enjoyment of the object. It has only expanded the scope of small loans for laid-off workers to demobilized soldiers, college graduates and registered unemployed persons in cities and towns. The new policy also stipulates the specific way to apply for small secured loans: first, when applying for loans, apply to the street community. At the same time, there should be a civil servant or other natural person who has been approved by the commercial bank to have a stable income. The laid-off workers and demobilized soldiers of the industry will be granted loans. They can enjoy full discount loans within 20 thousand yuan with their relevant certificates. The graduates and urban registered unemployed persons will be granted loans, and the interest rate of 50% loans within 20 thousand yuan will be reduced by the relevant documents. The loan period is generally not more than 2 years.

The new policy has also adjusted the interest rate for small businesses to enjoy small loans. It has broken through the quota limit of 30% of the original number of laid-off workers. After meeting the conditions of bank loans and obtaining loans, all loans will be given interest on the quota of 20 thousand yuan per person for laid-off workers and demobilized unemployed soldiers, college graduates and urban registered unemployed persons. When applying for loans, small businesses may apply to the county and district labor and social security departments.

In order to strengthen the tracking service and risk management of small loan guarantee, the new policy requires that the working platform of the bank, the guarantee institution and the labor security department of the community should further strengthen ties with the borrowers, strengthen guidance and monitoring of their loan usage and operation, and jointly prevent the risk of loans. The malicious arrears of loans should be recovered through administrative or legal means. In addition, the measures also stipulate some incentive policies and establish a complaint reporting system, so as to ensure that all supporting policies for re employment are put in place.