People's Bank Of Hutubi County Branch Of Financial Water To Promote Textile Industry Cluster Smooth Employment Channels To Alleviate Poverty

In order to further support the development of the county's real economy and reduce the financing costs of all kinds of SMEs, including cotton, textile and other small and medium-sized enterprises, the production and sales of all kinds of private and small and medium enterprises including cotton, textile and clothing industries have been pushed into the "fast lane". The bank has repeatedly lowered the deposit reserve ratio of the Hutubi agricultural commercial bank to 7%, and released nearly 250 million yuan of funds, thus further enhancing the credit support strength of the local corporate banking institutions. With the support of preferential monetary policy, Hutubi agricultural and commercial bank has carried out the grid precision loan work for private and small and micro enterprises seriously. Up to now, the loan balance of SMEs in the bank is 850 million yuan, of which the balance of loans for textile industry is 150 million yuan.