finance Ministry officially approved Shandong province to enjoy small and medium-sized guarantee in central and Western Provinces loan The central government's preferential policy of discount interest: in the future, almost all business entities, including registered unemployed persons, land expropriated farmers and university graduates, are on their own initiative. Entrepreneurship In the process of employment, as long as they are engaged in small profit projects, they can apply for a certain amount of national interest free loan.

It is understood that the implementation of this preferential policy will effectively promote the in-depth development of small secured loans.

The policy first defined the scope of small secured loan applicants and the scope of small loan guarantee projects. The policy stipulates that all registered unemployed persons, retired military personnel, land expropriated farmers, disabled persons, military dependents, college graduates, and migrant workers returning home to seek employment, start their own businesses and obtain employment abroad can apply for small secured loans. In addition to the State restricted industries, business, services, production and processing, seed farming and other types of business projects can be regarded as micro credit loan small profit projects, which are included in the scope of financial discount.

With regard to the amount of small secured loans, the policy stipulates that the maximum amount of small guaranteed loans issued by financial institutions to individuals is 50 thousand yuan. The maximum amount of new personal loans guaranteed for urban and rural women who meet the requirements of the current small secured loan applicants is 80 thousand yuan, and the eligible women can be raised to 100 thousand yuan by the maximum amount of loans per person.

With regard to the scope of financial discount for small secured loans, the policy stipulates that the loan interest rate can be increased by 3 percentage points on the basis of the loan benchmark interest rate announced by the people's Bank of China in the handling of new loans issued by financial institutions to eligible individuals. Among them, interest on small secured loans for small profit projects, including those added to floating interest rates, is fully subsidized by the central government.