Ministry Of Finance Interpretation Of SME Credit Management

The Ministry of finance, Ministry of industry and information technology recently promulgated the Interim Measures for the management of credit guarantee funds for small and medium-sized enterprises.

The Department in charge of the Ministry of Finance interprets the management of the credit guarantee funds for small and medium-sized enterprises and the conditions for the application of the secured funds.

The way and amount of guarantee fund's support

SME credit guarantee funds are arranged by the central budget, which are specifically used to support SME credit guarantee institutions, SME credit re guarantee institutions to enhance their business capabilities, expand SME guarantee business, and improve the financing environment of SMEs.

SME credit guarantee funds mainly adopt the following three support methods:

Business subsidies.

Guarantee agencies and re guarantee institutions are encouraged to provide financing guarantee and re guarantee services for small and medium-sized enterprises, especially small businesses.

The financing guarantee business of small and medium-sized enterprises that are eligible for guarantee institutions shall be subsidized in accordance with 2% of the annual guarantee amount, and the small and medium-sized enterprises' financing and re guarantee businesses that are eligible for re guarantee institutions shall be subsidized in accordance with 0.5% of the annual guarantee amount.

Premium subsidy.

Guarantee agencies provide low rate guarantee services for SMEs.

Without raising the standard of other fees, the guarantee guarantee rate of the guarantee institutions is lower than that of the SME financing guarantee business of 50% of the same period of the loan benchmark interest rate. The proportion of subsidy does not exceed the difference between the benchmark interest rate of 50% of the same period of the bank loan and the actual guarantee rate.

Capital investment, encourage guarantee institutions to expand capital scale, raise credit level and enhance business capability.

Under special circumstances, the guarantee institutions and re guarantee institutions that meet the requirements shall be given capital injection in accordance with 30% of the new capital contribution.

Eligible guaranty institutions and re guarantee institutions can enjoy a variety of support methods at the same time. However, the amount of subsidy guaranteed by a single guaranty institution or a re guarantee institution is not more than 30 million yuan except for special circumstances.

Application conditions of guarantee institutions

The guaranty institution that applies for guaranty funds must also have the following conditions: 1 years (1 years) of the guarantee business, no bad credit record; and the guaranty business is in conformity with the relevant laws, regulations, business management regulations and industrial policies of the state.

The number of new SME guarantee business accounted for more than 70% of the total amount of newly added guarantee business, and the amount of new single guarantee liability was less than 15 million yuan (including 15 million yuan, the same below) guarantee business accounted for more than 70% of the total amount of new guarantee business, or the additional amount of single guarantee liability was 15 million yuan, and the amount of guarantee business was more than 300 million yuan; the amount of guarantee liability provided to a single enterprise was not more than 10% of the net assets of the guarantee institution.

The re guaranty institutions applying for guaranty funds must also have the following conditions: the guarantee agencies shall be the main service objects, and the small and medium-sized enterprises shall be guaranteed for more than 1 years (including 1 years); the re guarantee business shall be in conformity with the relevant laws, regulations, business management regulations and industrial policies of the state; the newly added small and medium-sized enterprises will guarantee more than 70% of the total amount of the newly re guaranteed business; the amount of re guarantee business that is added to the amount of less than 15 million yuan will account for more than 70% of the total amount of the new re guarantee business, or the amount of re guarantee business under the new guarantee amount of less than 15 million yuan is more than 2 billion yuan.

Supervision and management of guarantee funds

The regulations stipulate that the provincial financial departments and the management departments at the same level shall jointly manage and supervise the declaration, examination and use of guarantee funds.

The office of the Ombudsman of the Ministry of finance has conducted regular supervision and inspection of the appropriation of guarantee funds.

The guarantee institutions and re guarantee institutions that have obtained the guarantee funds shall properly keep the original bills and certificates for reference in accordance with the relevant financial regulations.

Special inspections of financial departments at all levels, the Ministry of finance, the Ombudsman's office and the management departments of small and medium-sized enterprises should actively cooperate to provide relevant information.

The provincial and medium sized enterprises' management departments and the provincial financial departments should establish a follow-up and efficiency evaluation mechanism for the use of guarantee funds, and report to the Ministry of industry and information technology and the Ministry of finance before the end of February each year.

The guarantee funds must be earmarked for special purposes. Once the behavior of using or swindling the secured funds in violation of regulations is verified, the Ministry of finance will recover the funds already secured and handle them according to the relevant regulations.