Local Policy: Xinjiang Rural Credit Cooperatives Plan To Invest In Purchasing Loans For Cotton And Agricultural And Sideline Products

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In order to guarantee the demand for funds for purchasing agricultural and sideline products in peak season, Xinjiang rural credit cooperatives issued the "cotton credit management guidance" and "corn purchase loan business guidance", which listed the credit plan separately. This year, Xinjiang rural credit cooperatives planned to invest about 20 billion yuan in cotton purchase loans, 8 billion yuan in corn purchase loans, and 3 billion yuan in loans for other agricultural and sideline products, We will actively help stabilize the supply chain of the industrial chain. "

On the evening of the 30th, a press conference on epidemic prevention and control was held in Xinjiang. At the meeting, Wang Yumo, deputy director of the Xinjiang Rural Credit Cooperatives Association, reported the relief situation of Xinjiang rural credit cooperatives for various market entities such as small and medium-sized enterprises and individual businesses during the epidemic prevention and control period.

Wang Yumo said that the Xinjiang rural credit cooperatives issued the implementation opinions on strengthening financial support to help the steady development of local economy, and proposed to ensure a net increase of 32 billion yuan in loans throughout the year, and the balance of various loans exceeded 430 billion yuan, with an increase of more than 8%. We launched 27 specific measures in eight aspects, including serving rural revitalization, supporting market entities, and expanding effective investment, actively attracting 83 rural credit cooperatives and rural commercial banks in Xinjiang to optimize financial supply, strengthen precise assistance, reduce enterprise costs and improve financial services.

He said that Xinjiang rural credit cooperatives do not withdraw loans, continue to lend, and do not pressure loans, so as to meet the needs of key areas, give priority to loans, and give priority to services. Since August 10, Xinjiang rural credit cooperatives have issued a total of 30.499 billion yuan of loans, benefiting more than 120000 business entities.

Wang Yumo said that Xinjiang rural credit cooperatives have implemented various preferential policies for relief. For example, for borrowers with temporary operational difficulties, they should not blindly stop, suppress, withdraw or break loans, but support them to tide over the difficulties by extending loans, renewing loans without repayment of principal, repaying new loans with new loans, and adjusting the installment repayment plan. Since August 10, Xinjiang rural credit cooperatives have handled 7.578 billion yuan of extended loans for 3279 customers.

In particular, we have provided preferential measures to guarantee the supply of food, eggs, daily necessities and other fields, such as food, eggs, daily necessities and so on Wang Yumo said.