The new version of the ＂Measures for the Administration of Special Funds for the Development of inclusive finance＂ was issued, and the upper limit of personal loan for entrepreneurial guarantee loans

　　The Ministry of Finance today (12th) announced a new version of the Measures for the Administration of Special Funds for Development in inclusive finance, which was optimized and improved in terms of further helping employment and entrepreneurship, improving policy accuracy, and promoting financial support for inclusive finance’s policies to enhance quality and efficiency.

　　The special fund for the development of inclusive finance refers to the special transfer payment funds arranged by the central government to support the development of inclusive finance, which is used to support various localities to carry out the discount of business guarantee loans, the central government to support the construction of inclusive finance development demonstration zone, and the targeted cost subsidies of rural financial institutions.

　　The new "Measures" increase financial support for entrepreneurial employment by raising the upper limit of the amount of entrepreneurial guarantee loans, relaxing the conditions for applying for loans from small and micro enterprises, and introducing government financing guarantee institutions to provide guarantee and credit enhancement for entrepreneurial guarantee loans. Among them, the new "Measures" will increase the upper limit of personal loans for business guarantee loans from 200,000 yuan to 300,000 yuan, and the upper limit of loans for small and micro enterprises from 3 million yuan to 4 million yuan. It is estimated that 116.1 billion yuan of business guarantee loans will be added every year, which will drive about 1 million people to start businesses and find jobs. Optimize the proportion of new recruits in small and micro enterprises to existing employees in enterprises from 15% to 10%, and enterprises with more than 100 employees from 8% to 5%, and appropriately relax the loan application conditions for small and micro enterprises so that more small and micro enterprises can enjoy policy support.

　　In terms of improving policy accuracy, the new "Measures" will narrow the scope of compensation for targeted expenses of rural financial institutions from "all types of loans" to "small credit loans for farmers", focusing on supporting small farmers, ensuring accurate drip irrigation of inclusive finance policies and avoiding generalization of policy support. At the same time, the new "Measures" will include the main forces of the existing rural financial system, such as rural commercial banks and rural credit cooperatives, to further improve the rural financial service system. (Reporter Tian Qiyong)