Xinjiang Further Strengthens Policies And Measures To Help Spinning And Weaving Enterprises To Solve "Financing Difficulties"

Recently, the the Xinjiang Uygur Autonomous Region finance department, the office of industry and Commerce and the local finance bureau jointly issued the "the Xinjiang Uygur Autonomous Region". Spin The Interim Measures for the operation and management of garment credit risk compensation funds "further clarify the relevant policies and measures for the operation and management of the textile and garment credit risk compensation funds in the autonomous region.

First, the autonomous region will arrange 200 million yuan of financial funds to provide guarantee for the loan financing of small and medium sized textile and garment enterprises that meet the requirements. The two is that enterprises own fixed assets of less than 50 million yuan, officially register, pay more than 20 employees of social security workers, and the proportion of employees in Xinjiang should not be less than 50%, so they can apply for fund support. Three, the fund will give priority to supporting textile and garment enterprises from the government, the army, schools, large central enterprises and listed companies. Four, the principle of "priority in southern Xinjiang" is implemented for fund loans. The proportion of loans to four Prefecture state enterprises in the southern Xinjiang is not less than 60% of the total loan amount each year. The five is the dynamic management of the fund cooperative banks. If the cooperative banks do not grant the loan amount to 2 times the amount of the fund, the autonomous region will adjust the measures to reduce the size of the cooperative bank funds or terminate cooperation.