Weifang City, Shandong Province issued the "Implementation Opinions on Further Improving Agricultural Credit Guarantee and Fully Supporting Rural Revitalization", which was added on the basis of the original credit policy to help agriculture.
According to the new policy, Weifang finance invests 20 million yuan every year, and the county level gives appropriate support. In conjunction with Shandong Agricultural Development Credit Guarantee Co., Ltd. and related banking financial institutions, we will provide low-cost agricultural credit guarantee loans for various agricultural business entities such as family farms, farmers' cooperatives and large-scale farmers, guide more financial running water to irrigate Weifang's "agriculture, rural areas and farmers", and help build Qilu rural revitalization demonstration pioneer area.
Shandong Agricultural Development Bank Credit Guarantee Co., Ltd. reduced the guarantee fee for agricultural loans to ensure that the comprehensive financing cost of agricultural business entities does not exceed 6% at the highest, and the financial department gave subsidies for reducing the guarantee fee.
Among them, the guarantee fee will be lowered in 2023, and the annualized guarantee rate will be lowered by 0.5% in 2024, further reducing the cost of obtaining loans for agricultural business entities.
In order to make financial institutions dare to lend and are willing to lend, Weifang actively optimizes the risk sharing mechanism of "government and banks bear" and increases the proportion of credit loss risk borne by the government.
"Give full play to the role of the municipal risk compensation fund pool with the scale of100000 yuan, and establish a risk sharing mechanism in which agricultural companies, banks, municipal governments and county-level governments bear the compensation responsibility according to the ratio of 4: 2: 2: 2, and further mobilize the enthusiasm of agricultural credit guarantee institutions and banking financial institutions to carry out credit business for supporting agriculture."
At the same time, Weifang insists on improving the agricultural burden service system, supports the establishment of county-level offices, town-street workstations and village-level agricultural credit guarantee service points, optimizes staffing, and smoothes the financial cooperation channels for supporting agriculture, making the business more smooth.
Weifang Municipal People's Government signed a strategic cooperation agreement with eight enterprises including Shandong Agricultural Development Bank Credit Guarantee Co., Ltd., Shandong Provincial Department of Finance. Focusing on the "seven breakthroughs" in Weifang, it has continuously increased its efforts in credit supply, bond issuance, guarantee and credit enhancement, and further deepened cooperation in industrial funds, quality enterprise cultivation, rural revitalization, urban renewal and green finance.
In order to make high-quality financial funds directly reach the roots of agriculture, countryside and farmers, relevant departments of Weifang city and county strengthen agricultural data sharing with Shandong Agricultural Development Credit Guarantee Co., Ltd., explore joint development of agricultural digital guarantee products, and provide accurate and convenient credit services for agricultural business entities.
In the work of agricultural credit guarantee, Weifang has provided 654.38+06.89 billion yuan of guaranteed loans to 43,200 agricultural business entities, reducing the comprehensive financing cost by 890 million yuan, and controlling the non-performing loans in payout ratio at 0.44%, which has provided strong support for the local development of agriculture, rural areas and farmers.
"Upgrading the policy of benefiting farmers to version 2.0 will further open up the channel of' government and bank bearing' to support agriculture, fully mobilize the credit enthusiasm of financial institutions, and truly increase the sense of gain of agricultural business entities."