Xinjiang Set Up 200 Million Yuan Textile And Clothing Credit Risk Compensation Fund

Xinhua news agency, Urumqi, June 21 (reporter Du Gang, Liu Bing) spin The clothing industry promotes the employment of one million people. Following the introduction of relevant supporting policies by the state, Xinjiang recently allocated 200 million yuan of financial funds to set up a textile and clothing credit risk compensation fund to provide guarantee for the loan financing of small and medium-sized textile and garment enterprises that meet the requirements, and further enhance the financing guarantee ability of enterprises.

The reporter learned from the Department of industry and information technology of Xinjiang Uygur Autonomous Region that several departments of the autonomous region jointly issued the Interim Measures for the operation and management of Xinjiang Uygur Autonomous Region's textile and garment credit risk compensation fund. The measures are clear: the 200 million yuan fund allocated by the autonomous region will serve weaving, clothing, knitting, household textiles, industrial textiles and carpets Embroidery Small and medium-sized and micro enterprises of textile and garment, such as wool textile and hemp textile, can solve more employment problems and help poverty alleviation.

Kashgar, Hotan, Aksu and Kizilsu Kirgiz Autonomous Prefecture in the south of Xinjiang are deep poverty-stricken areas in China. The Measures stipulate that the principle of "priority in southern Xinjiang" shall be implemented for fund loans, and the proportion of loans granted to enterprises in the four prefectures of Southern Xinjiang shall not be less than 60% of the total loans.

At the same time, the measures will implement dynamic management of relevant banks. If the loans issued by the cooperative banks fail to meet the annual minimum loan requirements, the autonomous region will take measures such as reducing the fund scale of the cooperative banks or terminating the cooperation.