Four departments jointly: the upper age limit of microfinance borrowers is relaxed to 65.

China Banking and Insurance Regulatory Commission, Ministry of Finance, People's Bank of China and the State Council Poverty Alleviation Office jointly issued the Notice on Further Standardizing and Perfecting the Management of Poverty Alleviation Microfinance (hereinafter referred to as the Notice).

the notice mainly includes seven aspects: the poverty alleviation microfinance policy, the demand for credit funds of poor households with a card, the renewal and extension of loans, the response to the peak repayment period, the risk compensation mechanism, the classified disposal of poverty alleviation microfinance that is not directly used for the development and production of poor households, and the strengthening of organizational guarantee.

among them, in terms of policy points, we insist on "less than 5, yuan, within three years, free of guarantee and mortgage, lending at benchmark interest rate, financial discount, and county construction risk compensation". The supporting objects of poverty alleviation microfinance should include poverty-stricken households who have been lifted out of poverty and set up a card, and the upper age limit of borrowers can be relaxed to 65 years old. The policies of poverty alleviation microfinance, loan renewal and extension will remain unchanged during the period of poverty alleviation.

in terms of the use of poverty alleviation microfinance, it is necessary to fully meet the needs of poverty alleviation microfinance funds for poor households with established files. Adhere to household borrowing, household use, and household repayment, and accurately use it for poor households to develop production, but not for unproductive expenditures. We will continue to prohibit the newly issued poverty alleviation microfinance from being handed over to enterprises, government financing platforms or other organizations in the form of shareholding dividends, lending, and exchange of indicators.

The following is the original text of the notice:

Notice of the the State Council Poverty Alleviation Office of the People's Bank of China, Ministry of Finance, China Banking and Insurance Regulatory Commission, China on further standardizing and improving the management of poverty alleviation microfinance

Banking Insurance Regulatory Bureau [219] No.24

Finance departments (bureaus) of all provinces, autonomous regions and municipalities directly under the Central Government, Shanghai headquarters, branches, business management departments and city centers of China People's Bank. Poverty Alleviation Offices (bureaus) of all provinces, autonomous regions and municipalities directly under the Central Government, policy banks, large banks, joint-stock banks and postal savings banks:

In recent years, with the concerted efforts of all regions, relevant departments and the banking and insurance industries, poverty alleviation microfinance has been solidly promoted and flourished, and remarkable results have been achieved in helping poor people get rid of poverty, enhancing the endogenous motivation of poor households, promoting the development of financial markets in poverty-stricken areas, and improving rural governance.

At present, the battle against poverty has entered a sprint period. To further develop micro-credit for poverty alleviation, we must adhere to both hands and two promotion, that is, one hand pays attention to accurate delivery, and can fully lend, helping poor households with established files to actively develop production to get rid of poverty and become rich;

We should standardize and improve management, prevent and resolve risks, and do not unilaterally emphasize the loan acquisition rate of poverty alleviation microfinance, so as to avoid excessive debt of poor households.

according to the new situation, new tasks and new requirements, in order to further standardize the management of poverty alleviation microfinance, effectively solve the problems such as unspecific policies and measures, imperfect risk compensation mechanism, and heavy pressure of centralized repayment, promote the healthy development of poverty alleviation microfinance, and help win the tough battle against poverty, the relevant matters are hereby notified as follows:

1. Adhere to and improve the poverty alleviation microfinance policy

(1) Further clarify the policy points. The poverty alleviation microfinance policy should continue to adhere to the policy points of "less than 5, yuan, less than three years, no guarantee and no mortgage, benchmark interest rate lending, financial discount, and county construction risk compensation". The policies of poverty alleviation microfinance, loan renewal and extension will remain unchanged during the period of poverty alleviation.

(2) further clarify the objects of support. Poverty alleviation microfinance mainly supports poor households (including poor households who have been lifted out of poverty). During the poverty alleviation period, under the premise of meeting the relevant conditions, banking institutions can renew or extend loans for poor households; On the premise that the poverty alleviation microfinance has been paid off and meets the conditions for re-lending, banking institutions can issue poverty alleviation microfinance to poor households for many times.

(3) further clarify the purpose of the loan. Micro-credit for poverty alleviation should adhere to household borrowing, household use and household repayment, and be accurately used for the development and production of poor households. It can not be used for non-productive expenditures such as marriage, building houses, wealth management and purchasing household goods, and it can not be concentrated on government financing platforms, production and operation enterprises, etc.

(4) further clarify the loan conditions. Poverty-stricken households who newly apply for poverty alleviation microfinance (including loan renewal and extension) must abide by the law, be honest and trustworthy, have no major bad credit records, and have full capacity for civil conduct; Must pass the bank rating credit, have the willingness to lend, have the necessary skills and quality and a certain repayment ability; The loan funds must be used for industries and projects that do not violate laws and regulations, and have certain market prospects; In principle, the age of the borrower should be between 18 and 65. Banking institutions should comprehensively consider the borrower's own conditions, loan purposes, risk compensation mechanism, etc., and make their own loan decisions.

2. Effectively meet the demand for credit funds of the poverty-stricken households who have set up the card

(1) For the poverty-stricken households who meet the loan conditions and have the willingness to lend, it is necessary to implement the responsibility of lump sum, take the county or township as the unit, determine the local institutions with outlets as the main responsible banks, and implement list management to ensure that the loans can be exhausted. It is necessary to further improve the three-level financial poverty alleviation service system in counties and villages, improve the service level, accurately rate credit, optimize the pre-loan investigation process, and timely distribute poverty alleviation microfinance funds.

(2) On the premise that poor households voluntarily participate in production and operation, cooperative development mode can be adopted, and poverty alleviation micro-credit funds can be used to effectively drive poor households out of poverty and become rich in characteristic industries, and loan management can be standardized as required, so that poor households can integrate into industrial development and benefit for a long time.

(3) Encourage poverty-stricken households with large demand for credit funds who meet the loan conditions, especially those who have been lifted out of poverty, to apply for business guarantee loans and farmers' loans. Guide banking institutions to explore and develop credit products that can not only meet the diversified credit needs of poor households with established cards, but also achieve commercial sustainability through financial technology means such as big data and cloud computing.

III. Steadily handle the renewal and extension of the loan

(1) For poor households who still need money when the loan expires, the handling bank should intervene in the loan investigation and evaluation in advance. During the period of tackling poverty, on the premise that the borrower meets the conditions for applying for micro-credit for poverty alleviation, has certain repayment ability, good repayment will, real capital demand and controllable risks, it is unnecessary to repay the principal for loan renewal. The loan renewal period is determined by the handling bank according to the loan project and repayment ability. In principle, it does not exceed 3 years and can only be renewed once. The loan for renewal will continue to implement the poverty alleviation microfinance policy.

(2) The handling bank may extend the loan for poor households who meet the requirements for applying for micro-credit for poverty alleviation and are unable to repay their loans due to non-subjective factors. The extension period of short-term loans within one year shall not exceed the original loan period, and the extension period of medium-term loans from one year to three years shall not exceed half of the original loan period. In principle, only one extension can be handled, and the loan for extension will continue to implement the poverty alleviation microfinance policy.

(3) The handling bank shall, jointly with relevant departments, strengthen the follow-up management of poverty alleviation microfinance loans that are renewed and extended. For those who do not meet the conditions for loan renewal and extension, the handling bank shall not apply for loan renewal and extension.

iv. properly handle the peak repayment period

(1) intensify policy propaganda. Strengthen the education of honesty and credit, and form a wide recognition and conscious recognition that bank loans should be repaid on time.

(2) Strengthen post-loan management. Establish a loan ledger, improve the risk monitoring and early warning mechanism, and timely and accurately grasp the use of loans.

(3) remind the payment due. Notify the borrower to prepare for repayment 6 days before the loan maturity date, and notify the borrower in writing to repay on time 3 days before the loan maturity date.

(4) Properly handle overdue loans. Strengthen the coordination between banking institutions and local governments, give full play to the roles of the two village committees, the first secretary, the resident team and the responsible person, urge borrowers to repay loans and help them make repayment plans. For the rural areas where the loans overdue rate is obviously higher than the average level, we should promptly investigate, find out the situation, find out the reasons and seriously rectify. For those who can help tide over the difficulties through additional loans, banking institutions may provide additional loan support, but the total amount of single-family poverty alleviation microfinance shall not exceed 5, yuan.

(5) Take judicial measures. Those who maliciously default on bank loans or evade debts shall be included in the list of untrustworthy debtors, and the collection shall be organized according to law.

v. further improving the risk compensation mechanism

(1) county governments with conditions can establish a risk compensation mechanism, scientifically and reasonably determine the scale of risk compensation, and clarify the starting conditions and procedures of risk compensation. Risk compensation should be deposited in the * * * tube account, with special funds for special storage, special account management and closed operation, and risk compensation should not be confused with guarantee money.

(2) The risk compensation mechanism should be started for the poverty alleviation micro-credit that the poor households really have the ability to repay the loan for free, fail to repay the loan at maturity, do not meet the conditions for loan renewal or extension, and remain unpaid after more than 9 days of recourse. The interest payable during the recourse period shall be included in the scope of risk compensation and shared according to the prescribed proportion.

(3) After the risk compensation is used to compensate the loan principal and interest, the county-level government and the banking institution share the creditor's rights with the borrower according to the loss sharing ratio * * *, so they should continue to pursue the recovery of the loan principal and interest, and the recovered loan principal and interest will be returned to the banking institution and the risk compensation account respectively according to the loss sharing ratio.

(4) actively explore forms of risk sharing, encourage the introduction of government guarantee institutions to share risks, and support insurance institutions to develop and promote insurance products such as featured agricultural products insurance, personal accident insurance, serious illness insurance, and poverty alleviation microfinance guarantee insurance. When granting micro-credit for poverty alleviation, it is not allowed to force tying insurance or compulsory insurance (guarantee).

VI. Classified disposal of poverty alleviation micro-credit that is not directly used for the development and production of poor households

(1) Poverty alleviation micro-credit should be accurately used for the development of industries of poor households, and it is forbidden to hand over newly issued poverty alleviation micro-credit to enterprises or other organizations in the form of share participation, dividend sharing, lending and index exchange.

(2) For the poverty-alleviation microfinance that has been issued and is not directly used for the development and production of poor households, it is necessary to establish a ledger, strengthen supervision and classify it. It is necessary to focus on listing, tracking and monitoring the actual enterprises or other organizations with large loans and involving more households.

for the poverty alleviation micro-credit actually used by enterprises or other organizations with a certain industrial foundation and good social responsibility, the handling bank should earnestly strengthen the post-loan management, closely track and scientifically evaluate, recover the loan at maturity or turn it into an industrial poverty alleviation loan.

local governments and handling banks should take effective measures to correct the situation that poor households are ignorant, do not enjoy preferential policies for poverty alleviation microfinance, or only enjoy interest and dividends without participating in productive labor.

for enterprises with risks or poor management, the handling bank should recover the loans in time to prevent the risks from transferring to poor households, and the poverty alleviation department, the bank insurance supervision department and the branches of the People's Bank of China should provide support and assistance.

VII. Strengthening organizational guarantee

(1) Raising awareness and defining the division of labor.

Banking insurance supervision departments at all levels should urge banking institutions to issue micro-credit for poverty alleviation accurately and in compliance, strengthen management before, during and after lending, and actively prevent and resolve credit risks.

further improve the tolerance of non-performing loans. The non-performing rate of poverty alleviation microfinance is less than 3 percentage points higher than the annual target of non-performing loans of banking institutions, which will not be used as a deduction factor for regulatory evaluation and internal assessment of banks by regulatory authorities. It is necessary to speed up the improvement of the due diligence exemption system for poverty alleviation microfinance.

poverty alleviation departments at all levels should do a good job in organization, coordination and policy propaganda, combine the use of poverty alleviation microfinance by poor households with the construction of poverty alleviation project libraries at county level, and strengthen follow-up guidance and skills training. Branches of the People's Bank of China should flexibly use a variety of monetary policy tools, increase the support for poverty alleviation and re-lending, and strengthen the policy preference for deep poverty-stricken areas.

the local finance and poverty alleviation departments should * * * implement the financial discount policy, and the areas where risk compensation has been established should further improve the risk compensation mechanism and standardize the starting conditions and processes of risk compensation.

(2) Conduct briefing and interviews to promote policy implementation. Incorporate the quality of poverty alleviation microfinance and the disposal of overdue loans into the annual assessment of local party committees and governments to tackle poverty, regularly inform the development of poverty alleviation microfinance, and conduct interviews with party and government leaders and responsible comrades of competent departments in areas with many problems and serious violations. Remind, rectify within a time limit.

(3) intensify publicity and sum up promotion experience. Strengthen the training of poverty alleviation microfinance policy, and use the form that the masses like to see and hear to strengthen publicity. Timely summarize the good practices and experiences of standardizing the healthy development of poverty alleviation microfinance in various places, and further increase exchanges and promotion.