Aksu Resumed Work And Production, Textile And Mask Manufacturers Received Loan Discount Subsidy

The reporter learned from the Finance Bureau of Aksu region on July 19 that, according to the relevant requirements of Xinjiang, Aksu region has cashed 18.3617 million yuan of subsidy funds from May to July, providing financial discount for the working capital loans of textile clothing and mask manufacturing enterprises, supporting and boosting the resumption of production, and speeding up the production pace of textile clothing and mask production enterprises.

According to the relevant supporting policies, from May to October, the working capital loans of textile clothing and mask manufacturers will be discounted at 50% of the loan interest rate. Therefore, the Finance Bureau of Aksu region, together with the Regional Bureau of industry and information technology, the market supervision and Administration Bureau of Aksu region, and the Aksu central sub branch of the people's Bank of China, jointly reviewed and approved the actual amount of subsidies required by the enterprises initially examined and reported by the relevant departments of all counties (cities), and timely allocated the subsidy funds.

On the same day, in a cotton textile enterprise in Aksu textile industrial city (Development Zone), the employees of the enterprise performed their respective duties and worked orderly in their respective posts. The cotton textile enterprise is a key cotton textile enterprise in Aksu region, mainly engaged in cotton acquisition, processing, textile, sales and other businesses. After returning to work and production, the enterprise applied for a working capital loan of 250 million yuan due to the lack of funds. At present, the first loan of 125 million yuan has been successfully launched, and the production of the enterprise has been fully restored, and 100 employees have returned to their jobs.

"We can greatly reduce the financial burden of raw materials by purchasing raw materials and reducing the financial burden of our enterprises." The person in charge of the enterprise said.

According to statistics, there are 257 commercial bank loans for textile clothing and mask manufacturers in Aksu region, with a total loan amount of 5.225 billion yuan. By the end of June, a total of 29.17872 million yuan of subsidy funds had been appropriated by the region, and more than 60% of the loans had actually been cashed, involving 109 loans from 48 enterprises. It is reported that in the next step, Aksu region will strengthen the review of new enterprise loan discount and other matters to ensure that all subsidy funds are timely cashed in place.