The Guarantee Loan For Laid-Off Workers Has Reached 1.22 Billion Yuan Nationwide

On the morning of July 6, the People's Bank of China, the Ministry of Finance, the Ministry of Labor and Social Security, and the CBRC jointly held a teleconference to promote the implementation of the micro guarantee loan policy, and called for the effectiveness of the micro guarantee loan policy to promote the reemployment of laid-off and unemployed people. According to the statistics of the Central Bank, since the launch of the business of small guaranteed loans for laid-off and unemployed people in 2002, as of the end of May this year, the balance of small guaranteed loans granted to laid-off and unemployed people by financial institutions nationwide was 1.22 billion yuan, of which 590 million yuan was newly increased from January to May this year. At the meeting, the People's Bank of China and the Ministry of Labor and Social Security also proposed that in the second half of this year, entrepreneurship training and microfinance will be widely promoted in 100 large and medium-sized cities across the country. At the same time, the pilot work of creating credit communities to promote micro guarantee loans will be launched in 13 national entrepreneurship training demonstration cities. The reporter learned that in December last year, the Guangzhou Finance Bureau issued the Measures for the Implementation of Small amount Guaranteed Loans for Laid off and Unemployed People in Guangzhou, which stipulates that small amount guaranteed loans are generally controlled within 20000 yuan, the loan term is not more than two years at most, and can be extended once no more than one year.