Carrying Out The Task Of "Six Stability" And "Six Guarantees", Xinjiang'S Rural Credit Helps Textile And Garment Enterprises To Tide Over Difficulties.

In order to fully implement the task of "six guarantees" and "six guarantees" put forward by the Party Central Committee and the State Council, and promote the implementation of relevant policies of the Party committee and government in the autonomous region, recently, the Xinjiang Rural Credit Cooperatives Union (hereinafter referred to as the Autonomous Region Association) issued a notice on the further improvement of the credit support work for the textile and garment industry to 83 Xinjiang Financial Cooperatives.

It is reported that the impact of the new crown epidemic sweeping the world, tight funds, high inventory, recruitment difficulties, less orders, this "four mountains" pressure textile and garment enterprises breathless. In the face of the current "pain spot" in the textile and garment industry, the notice has launched a number of targeted support measures, which can effectively alleviate the financial pressure faced by the industry, including four highlights:

Highlight 1: ensure that the loan is incrementally enlarged. Xinjiang rural credit cooperatives will focus on the "three cities, seven gardens, one center", rationally allocate credit resources, give priority to supporting enterprises in line with the credit policy of the textile and garment industry, especially increase the support of the textile enterprises which are seriously affected by the employment, and increase the proportion of credit loans, medium and long-term loans and the "first loan rate", so as to ensure the increment of the textile and garment industry loans. Surface enlargement.

Highlight two: lower lending rates. According to the relevant working requirements of the textile and garment enterprises' liquidity loan discount, the loan interest rate of the textile and garment enterprises in Xinjiang rural credit cooperatives since May 1, 2020 (including, but not limited to, renewal, renewal, redevelopment, reorganization, etc.) will not exceed 5% of the annual interest rate. The weighted average annual interest rate of new textile and garment enterprises in 2020 dropped by 0.5 percentage points compared with 2019.

Highlight three: extend the loan period reasonably. Textile enterprises that are seriously affected by the epidemic are determined not to lend money or to lend money continuously. Enterprises that are unable to repay debts can help enterprises tide over difficulties by handling loans without repaying loans, flexibly adjusting repayment arrangements, and extending the loan period reasonably. In accordance with the actual application of enterprises and the actual situation of the epidemic, the time limit for the repayment of principal and interest payments will be extended to the maximum of March 31, 2021 and free of penalty fees. At the same time, it is necessary to give appropriate and necessary protection of credit rights and interests.

Highlight four: active front service. Xinjiang rural credit cooperative has set up a leading group to support the development of Xinjiang textile and garment industry, and has established a working mechanism to support the textile and garment industry. Through the combination of "credit visit" and "enter 10000 enterprises" activities, it has taken the initiative to rely on the former services, in-depth understanding of the needs of enterprises, and the most limited degree to solve the difficulties of enterprises.

According to the introduction, the textile industry is a traditional high-quality industry in Xinjiang. Xinjiang rural credit cooperatives have always attached great importance to the support of the textile industry. In 1-5 this year, the total amount of loans to the textile and garment industry was 2 billion 942 million yuan, and the total number of textile and garment enterprises supported by the company was 193, and the loan balance was 5 billion 112 million yuan. In the face of the impact of the current epidemic situation and various unfavorable factors on the textile and garment industry, the autonomous region association requires all Xinjiang to do well in the "six stability" work, implement the "six guarantees" task and strengthen the political responsibility, so as to further play the positive role of Xinjiang rural credit in revitalizing the textile and garment industry of Xinjiang.