Recently, in the process of promoting the implementation of the rural revitalization strategy, the entrepreneurship guarantee loan policy has played a key role in Jingde City, effectively reducing the entrepreneurial cost pressure on small and micro enterprises and individual industrial and commercial households. Ms. Yang, a grower in Guozhuang Town, Jingde City, is one of the beneficiaries of the policy. Her small-scale planting base, due to the increase in the yield of traditional Chinese medicine, plans to expand its scale, but is concerned about the cost and production risks. After the entrepreneurship guarantee loan policy was publicized by the human resources and social security department, Ms. Yang submitted an application and quickly approved a high-amount interest-subsidized entrepreneurship guarantee loan of 230,000 yuan, successfully doubling the planting scale.
To ensure that policies are implemented effectively, the personnel and social security departments of Junrong City have taken multiple measures. On one hand, they have increased the flexibility of loan amounts, with personal entrepreneurship guarantee loans*** having a maximum limit of 300,000 yuan, which is dynamically adjusted according to the capital needs of the project, focusing on supporting emerging industries and rural revitalization. On the other hand, they have actively reduced financing costs by working with personnel and social security departments to lower the loan interest rate by 50 basis points, with the executed interest rate cap set at LPR + 50BPs, and qualified loans can also receive a 50% interest subsidy from the finance department. In addition, the city has simplified the loan application process, opening up both online and offline channels, and materials can be submitted through the town (street, park) people's service center or the "Jiangsu Smart Personnel" platform. The handling bank will "sign and release" the loan immediately after the review is passed, and the "no principal repayment" service is promoted for entrepreneurs with a good reputation. Since this year, a total of 67 entrepreneurship guarantee loans have been issued in the whole city of Junrong, with a total amount of 10.33 million yuan, driving 129 people into employment, effectively stimulating the vitality of rural entrepreneurship.
News Two: Postal Savings Bank Innovates Credit Loan Products, Strengthens Support for Inclusive Finance
PSBC has actively responded to the decision-making and deployment of the Central Committee and the State Council on “six stability” and “six guarantee” measures, adhered to its strategic orientation of serving the three rural areas, urban residents and small and medium-sized enterprises, and continued to focus on the field of loans for small and micro enterprises, especially by increasing the issuance of credit loans, achieving remarkable results. As of the end of June, the proportion of PSBC’s inclusive micro-loans in total loans was about 14%, ranking among the top in the state-owned banks, of which the new added credit loans accounted for 40% of the new added inclusive micro-loans.
In order to achieve the goals of "increasing the volume, reducing the price, improving the quality, and expanding the coverage" of micro and small finance, Postal Savings Bank has taken a series of powerful measures. By accelerating the docking of three types of external data, namely, government big data, industrial chain, and channel diversion, integrating internal data, and optimizing the analysis model, credit loans are provided for customers within the whitelist; designating some branches as the promotion institutions of small and micro credit loans, carrying out special marketing activities; establishing a green channel for credit approval, delegating approval authority to the maximum extent, and improving the efficiency of credit loan issuance. At the same time, Postal Savings Bank has innovatively launched two products, "Ultra-fast Loan" and "Micro and Small Easy Loan". "Ultra-fast Loan", as an online personal business loan product with independent risk control and self-scene, is based on "in-house data + external data", adopts an automated risk control model, and achieves full-process online, which can be applied by customers in 3 minutes, the system processes in 10 minutes, and the process is 0 manual intervention. As of the end of June, the cumulative issuance has exceeded 130 billion yuan. "Micro and Small Easy Loan" comprehensively introduces external data such as tax, invoice, customs, and electricity, and innovatively launches online loan products for small and micro enterprise legal persons. The amount issued in the first half of the year reached 10.1 billion yuan, a year-on-year increase of 400%.