What does it mean to support agriculture and support small families? Details are as follows.

Recently, due to the influence of typhoon, extreme rainfall occurred in many places in China, causing floods and geological disasters, causing casualties and property losses. The People's Bank of China has decided to increase the amount of small loans for agriculture by 35 billion yuan in six provinces (cities) of Hebei, Beijing, Heilongjiang, Jilin, Fujian and Chongqing, to support the financial services for disaster relief and post-disaster reconstruction in these severely affected areas, and to expand the business entities in the affected areas, especially small and micro enterprises, individual industrial and commercial households, agriculture and aquaculture.

What does it mean to support agriculture and support small families?

Re-lending: refers to the unique monetary policy tool in China. Because it is the money that the central bank lends to commercial banks, and then commercial banks lend to ordinary customers, it is called "refinancing".

Re-loan for supporting agriculture: refers to loans granted by the People's Bank of China to various rural financial institutions. People's Bank of China began to issue re-loans for agriculture from 1999. Re-loans for agriculture were originally used as a monetary policy operation tool to support rural credit cooperatives to improve their credit services for agriculture, enhance their financial strength for agriculture and promote the sustained and rapid development of the "three rural" economy. After more than ten years of development, its connotation and extension have been continuously broken through, and it has gradually developed into an important tool for the People's Bank of China to support rural financial development.

Small re-loans: four types of local corporate financial institutions, such as small city commercial banks, rural commercial banks, rural cooperative banks and village banks, are granted. The conditions for small enterprises to refinance loans are as follows: financial institutions must make loans to small and micro enterprises "three no less than", that is, the growth rate of small and micro enterprise loans is not less than the average growth rate of various loans, the number of small and micro enterprises is not less than that of the same period last year, and the loan acquisition rate of small and micro enterprises loans is not less than that of the same period last year. The term is set to three grades: 3 months, 6 months and 1 year, which can be extended twice, and the longest term can reach 3 years. In order to give preferential interest rate to small and micro enterprise loans issued by financial institutions, the interest rate of small and medium-sized refinancing is determined by subtracting points from the benchmark interest rate of loans announced by the central bank.

Previously, at the end of June, the People's Bank of China also decided to increase the amount of refinancing and rediscounting for agriculture by 200 billion yuan, further increase financial support for agriculture, rural areas and farmers, small and micro enterprises and private enterprises, play the role of precision drip irrigation, reduce social financing costs, promote employment expansion, and support the recovery of economic endogenous power. Among them, re-lending for supporting agriculture, re-lending for supporting small enterprises and rediscounting increased by 40 billion yuan, 654.38+20 billion yuan and 40 billion yuan respectively, with the increase amounts of 800 billion yuan, 654.38+76 billion yuan and 740 billion yuan respectively. The above is the introduction of supporting agriculture and supporting small loans, hoping to help everyone.