Full support for further increasing interest discounts on entrepreneurial guaranteed loans

1. Regarding further increasing interest discounts for entrepreneurial guaranteed loans and providing full support

CITIC Financial; Economic Perspective News on May 25 On the 25th, the Ministry of Finance issued "About giving full play to the guiding role of fiscal policy" Notice on Supporting Financial Assistance for the Relief and Development of Market Entities" requires increasing interest discounts on entrepreneurial guaranteed loans, focusing on increasing support for small and micro enterprises and individual industrial and commercial households in transportation, catering, accommodation, tourism and other industries that have been greatly affected by the epidemic. , to help enterprises stabilize their positions. The specific notice is as follows: 1. Give full play to the credit-enhancing role of government financing guarantee institutions. Local government financing guarantee agencies at all levels provide financing guarantee support to qualified small and medium-sized enterprises and individual industrial and commercial households in the transportation, catering, accommodation, tourism and other industries, promptly perform their reimbursement obligations, and promote financial institutions to lend as soon as possible without withdrawing loans or suppressing them. Loans, no loans. In 2023, the above-mentioned qualified financing guarantee business will be included in the scope of re-guarantee cooperation with the national financing guarantee fund. Where conditions permit, support for capital replenishment and guarantee fee subsidies for government financing guarantee institutions should be increased. 2. Increase the interest rate of entrepreneurial guaranteed loans. Local financial departments at or above the county level should work with relevant parties to increase the publicity and implementation of interest discount policies for entrepreneurial guaranteed loans, focusing on increasing support for small and micro enterprises and individual businesses in industries such as transportation, catering, accommodation, and tourism that have been greatly affected by the epidemic. The support of households can help enterprises stabilize their positions. Where conditions permit, we should accelerate the promotion of online business models for entrepreneurial guaranteed loans, simplify the business approval process, and improve loan convenience. Local financial departments at or above the county level should promptly replenish the entrepreneurial guarantee loan guarantee fund in accordance with regulations, or have government financing guarantee agencies provide guarantees and credit enhancements to qualified entrepreneurs and small and micro enterprises to support the expansion of the scale of entrepreneurial guaranteed loans. 3. Implement the central government’s incentive policy to support the development of inclusive finance demonstration zones. Provincial financial departments must conscientiously organize the implementation of the "Notice of the Ministry of Finance, the People's Bank of China and the China Banking and Insurance Regulatory Commission on the Implementation of Reward and Subsidy Policies for Central Financial Support for Inclusive Financial Development Demonstration Zones" (Jincai [2021] No. 96), and guide local financial departments in the demonstration zones to formulate rewards and subsidies Fund allocation, use and management measures shall be implemented to implement the plan for the construction of quality demonstration zones, strengthen departmental coordination and policy linkage, and effectively guide the increase, expansion, cost reduction and efficiency improvement of inclusive financial services. 4. Improve the level of agricultural insurance risk protection. Provincial financial departments must work with relevant parties to strictly implement the relevant requirements of the "Notice of the Ministry of Finance, Ministry of Agriculture and Rural Affairs, and China Banking and Insurance Regulatory Commission on Expanding the Implementation Scope of Complete Cost Insurance and Planting Income Insurance for Three Major Food Crops" (Jincai [2021] No. 49), and carefully organize , make careful arrangements, schedule on a monthly basis, and strengthen budget protection to ensure that full-cost insurance and planting income insurance cover the main grain-producing provinces of rice, corn, and wheat within the year, stabilize the income of grain-growing farmers, and ensure the security of staple grains. The Finance Department of the Guangxi Zhuang Autonomous Region should work with relevant parties to carry out sugarcane full-cost insurance and planting income insurance in an orderly manner, further improve the insurance plan, optimize the compensation mechanism, strengthen underwriting and claims management, and increase farmers' enthusiasm for planting sugarcane. The Department of Finance of Heilongjiang Province and the Department of Finance of Inner Mongolia Autonomous Region should work with relevant parties to solidly carry out the pilot work of soybean full-cost insurance and planting income insurance. Based on the actual situation of local agricultural insurance work, the pilot counties should be determined as soon as possible, and the pilot counties should be guided to select underwriting institutions and insurance terms. Setting, premium subsidy review, performance evaluation and other work. This will help improve my country’s soybean oil self-sufficiency rate. 5. Promote insurance of agricultural products with local advantages and characteristics. Provincial financial departments should guide local financial departments at or above the county level to steadily carry out insurance of local advantageous agricultural products according to local conditions. Related questions and answers: Entrepreneurship Fund Loan Conditions Entrepreneurship Fund loan applications need to meet the following conditions: 1. The borrower must be over 18 years old and 45 years old. 2. The borrower must have a fixed residence address in the place where the loan is taken; 3. The borrower holds a business license issued by the industrial and commercial administration and relevant industry licenses; 4. The borrower The project for starting a business meets relevant regulations; 5. The borrower has no bad credit record; 6. The borrower has a certain proportion of self-raised funds, which is used to start the entrepreneurial project; 7. Other conditions required by the lending institution.

2. What are the national policies for entrepreneurship in 2017

National support policies for college students to start their own businesses

1. Tax incentives for college students to start their own businesses

College graduates who hold an "Employment and Entrepreneurship Certificate" issued by the human resources and social security department (indicated "tax policy for self-employment within the year of graduation") start an individual within the year of graduation (referring to the natural year of graduation, that is, January 1 to December 31) For industrial and commercial households and sole proprietorships, the actual business tax, urban maintenance and construction tax, education surcharge and personal income tax that they should actually pay in the current year will be deducted within three years according to the limit of 8,000 yuan per household per year. Small low-profit enterprises founded by college graduates shall enjoy relevant tax support policies in accordance with national regulations.

2. Entrepreneurship guaranteed loans and interest discounts

For eligible college students who start their own businesses, they can apply for an entrepreneurial guaranteed loan in the place of starting a business according to regulations, with a loan limit of 100,000 yuan. Financial institutions are encouraged to reasonably determine the loan interest rate with reference to the basic loan interest rate and the risk sharing situation. For entrepreneurial guaranteed loans issued to individuals, if the increase is within 3 percentage points from the basic loan interest rate, the finance will provide interest discounts.

3. Exemption from relevant administrative fees

For ordinary college students who have graduated within 2 years and are engaged in self-employment (except for industries restricted by the state), they will be exempted from the relevant administrative fees since their first time in the industrial and commercial department. Within 3 years from the date of registration, relevant administrative fees such as management, registration, and licenses will be exempted.

4. Enjoy training subsidies

For small and micro enterprises founded by college students who recruit newly graduated college graduates, sign a labor contract of more than one year and pay social insurance premiums, they will be given 1 Annual social insurance subsidy. For college students who participate in entrepreneurship training during the graduation year (i.e., the 12 months from July 1 of the year before graduation), training subsidies will be provided according to regulations based on the entrepreneurship training certificate they have obtained or their employment and entrepreneurship status.

5. Free entrepreneurship services

College students who are willing to start a business can obtain free entrepreneurship guidance services provided by public employment and talent service agencies, including policy consultation, information services, "One-stop" entrepreneurial services such as project development, risk assessment, business start-up guidance, financing services, and tracking support.

6. Cancel restrictions on the settlement of college graduates

College graduates can go through the settlement procedures in the places where they started their businesses (municipalities shall follow relevant regulations).

7. Innovative talent training plans and mechanisms

Entrepreneurial college students can enjoy the series of "Excellence Plans" implemented by universities across the country, the action plan for collaborative education combining science and education, etc., and at the same time enjoy interdisciplinary Professional cross-courses, innovation and entrepreneurship education experimental classes, etc., as well as the exploration and establishment of new mechanisms for cultivating innovative and entrepreneurial talents across departments, disciplines, and majors.

8. Develop and open innovation and entrepreneurship education courses

College students who are self-employed can enjoy various professional courses and innovation and entrepreneurship education resources that have been explored and enriched by various universities, as well as the development and opening of innovation and entrepreneurship education courses for all students. Compulsory and elective courses in research methods, subject frontiers, entrepreneurship foundations, employment and entrepreneurship guidance, etc., enjoy online open courses such as MOOCs and open video courses shared by various regions and universities, and online open course learning Certification and credit recognition system.

9. Provide practical resources to strengthen innovation and entrepreneurship

College students who start their own businesses can enjoy the university science park, entrepreneurship park, entrepreneurship incubation base, and Ministry of Education projects that are open to all students. Research centers, various laboratories, teaching instruments and equipment and other scientific and technological innovation resources and experimental teaching platforms. Participate in the National College Student Innovation and Entrepreneurship Competition, the National Higher Vocational College Skills Competition, and various special competitions on technological innovation, creative design, and entrepreneurial plans, as well as innovation and entrepreneurship associations, entrepreneurial clubs and other societies established by college students to enhance their practical ability in innovation and entrepreneurship.

10. Reform the teaching system to adapt to college students’ entrepreneurship

Self-entrepreneurial college students can enjoy the innovation and entrepreneurship credit accumulation and conversion system established by various universities, and carry out innovative experiments and publications with students Papers, patents and self-employment are converted into credits, and students’ participation in research projects, project experiments and other activities are recognized as new explorations in classroom learning. At the same time, we also enjoy the innovation and entrepreneurship ability training plan formulated for students with willingness and potential, innovation and entrepreneurship files and transcripts, and a series of teaching practice activities that objectively record and quantitatively evaluate students’ innovation and entrepreneurship activities.

11. Improve student status management regulations

College students who are willing to start their own businesses can enjoy the flexible academic system implemented by universities, relax the number of years of study for students, and allow them to adjust their academic progress, retain their student status, take a break from school, innovate and start a business and other management regulations.

12. Entrepreneurship guidance services for college students

College students who start their own businesses can enjoy continuous assistance, full guidance, and one-stop services provided by universities across the country for self-employed students. As well as local and university-level information service platforms, it provides students with real-time information on national policies, market trends and other services, as well as services such as docking of entrepreneurial projects and intellectual property transactions. You can enjoy the support policies of college student entrepreneurship incubation bases built according to local conditions on the basis of giving full play to the role of various entrepreneurship incubation bases in various places, as well as related training, guidance services and other support policies.

National policy support for college student entrepreneurship projects

(1) Building a green channel for college students to start their own businesses

It is clearly stated that “it is necessary to improve the support for self-employment and self-employment. Policies enable more workers to become entrepreneurs. "College students are the most dynamic and creative group, containing huge creative enthusiasm and entrepreneurial potential. Governments at all levels should place an important position on encouraging and guiding college students to start their own businesses, actively create a good environment, increase policy support and guidance, and build a green channel for college students to start their own businesses.

1. Improve entrepreneurial policies and strengthen entrepreneurial incentives. It is necessary to comprehensively sort out existing policies related to entrepreneurship and employment, unify support policies towards the orientation of "promoting employment through entrepreneurship", combine employment expansion with encouragement of entrepreneurship, combine entrepreneurship project development with entrepreneurship training, and integrate graduate entrepreneurship Combined with relevant policies, establish an entrepreneurial mechanism that combines project development, entrepreneurial training, etc. Governments at all levels should actively guide various financial institutions to increase support for graduates' entrepreneurship, simplify guarantee procedures, conduct joint labor, guarantee, and bank investigations to provide guarantees for college and technical secondary school graduates.

It is understood that not long ago, the central bank, the Ministry of Finance, and the Ministry of Human Resources and Social Security jointly issued the "Notice on Further Improving the Management of Small Guaranteed Loans to Actively Promote Entrepreneurship and Promote Employment." The "Notice" stipulates that for new small-amount guaranteed loans issued by small-amount guaranteed loan financial institutions to individuals, the loan interest rate can be increased by 3 percentage points based on the loan benchmark interest rate announced by the People's Bank of China. Among them, the increased interest on low-profit projects will be fully borne by the central government.

At the same time, the maximum amount of new small-amount guaranteed loans granted to individuals by financial institutions handling small-amount guaranteed loans has been increased from 20,000 yuan to 50,000 yuan. The maximum amount of guaranteed loans is increased from no more than 1 million yuan to no more than 2 million yuan. For qualified personnel operating in partnership and organizing employment, the handling financial institution may appropriately expand the loan scale.

2. Strengthen entrepreneurship education and improve entrepreneurial capabilities.

First, cultivate entrepreneurial spirit. Let graduates understand the current severe employment situation in our country and understand the social responsibility and mission of entrepreneurship.

The second is to enrich entrepreneurial knowledge. Entrepreneurship training should be combined with project recommendations, technical support, talent services, financing guarantees, entrepreneurship guidance, etc., carry out "one-on-one entrepreneurship" activities with entrepreneurs and successful self-starters, and regularly hold entrepreneurship experience exchange meetings and entrepreneurship seminars. Competitions and other activities should not only enrich their knowledge of industry and commerce, taxation, finance, labor and business operations necessary for starting a business, but also let them learn how to handle relevant procedures, how to raise funds and avoid market risks.

The third is to strengthen psychological counseling for entrepreneurship. Through training, they can overcome their fear of starting a business, their reluctance to start a business, their fear of taking risks, and their fear of failure, and build their entrepreneurial self-confidence.

The fourth is to improve entrepreneurial capabilities. Through training, they can basically master how to seize business opportunities, how to organize an entrepreneurial team, how to give full play to the human resource advantages of the team, etc., and continuously improve their innovation, planning, organizational, coordination and management capabilities.

3. Build an entrepreneurial base and strengthen entrepreneurial support. The government should encourage multi-party investment, make full use of idle factories, specialized markets and other places suitable for small and medium-sized enterprises to gather and start businesses, and build small and medium-sized enterprise entrepreneurial guidance bases with rolling incubation functions to allow self-employed graduates to clarify their entrepreneurial ideas and improve their entrepreneurial skills. By hiring well-known entrepreneurs, successful graduate entrepreneurs, experts and scholars, we have established a team of self-employment mentors to provide guidance and services such as consulting, technology, management, and government agency according to the different needs of self-employed entrepreneurs.

Relevant scientific research institutes should actively develop a batch of new products and new technologies with good market prospects, quick investment returns, and suitable for the needs of entrepreneurs, recommend them to entrepreneurs, and organize professional and technical personnel to provide entrepreneurial services. Relevant departments should set up self-entrepreneurship service windows for college students, open self-entrepreneurship policy and information columns, and provide relevant information services such as policy consultation, investment information, market conditions, project promotion, technological progress, foreign trade, and labor supply and demand. It is necessary to establish a group of entrepreneurial models and promote a group of successful experiences so that more graduates can learn from them and be motivated to work.

4. Standardize law enforcement behavior and create an entrepreneurial environment. It is necessary to vigorously promote the "Sunshine Government Affairs" project, strengthen the efficiency of government agencies, simplify service procedures, and improve service efficiency. It is necessary to prohibit any department, unit or individual from interfering with the normal operation of enterprises, and strictly prohibit arbitrary fees, arbitrary apportionments, arbitrary fines, arbitrary inspections, arbitrary training and other behaviors. To break industry monopolies, private enterprises must be allowed to enter industries that are not explicitly prohibited by the state, allowing all types of ownership economies to gain the right to compete on an equal footing and provide a good market environment for entrepreneurs.

(2) "Guiding Opinions on Promoting Entrepreneurship to Drive Employment"

In October, the General Office of the State Council approved and forwarded the "On Promoting Entrepreneurship and Employment" jointly issued by the Ministry of Human Resources and Social Security and other 11 departments. Guiding Opinions on Entrepreneurship to Promote Employment.” This guidance will bring five major benefits to workers starting their own businesses.

1. Lower market access thresholds for entrepreneurs

The "Guiding Opinions" relax restrictions on the registered capital and business premises of new enterprises, simplify procedures to improve efficiency, and integrate the products of small businesses and services are included in government procurement. Expand the scope of government procurement and formulate preferential government procurement policies to promote the development of small businesses.

2. Entrepreneurs will receive more ability training

The "Guidance Opinions" clearly propose to increase the intensity of entrepreneurship training in response to the requirements for entrepreneurs to improve their entrepreneurial capabilities. It is required to improve the entrepreneurship training system and include all people with entrepreneurial aspirations and training needs into the scope of entrepreneurship training. At the same time, we will strengthen the entrepreneurship curriculum in general colleges and universities and vocational schools.

3. Entrepreneurs will have more financing channels

The "Guidance Opinions" clearly state that actively exploring innovations in mortgage guarantee methods will be in line with national policies and regulations and will be conducive to promoting entrepreneurship and employment. projects, and financial institutions are encouraged to actively provide financing support.

4. Entrepreneurs will have a better market environment

The "Guiding Opinions" require that the fee disclosure system and the enterprise payment registration card system be fully implemented, and any department, unit or individual is prohibited from Intervene in the normal operations of entrepreneurial enterprises.

At the same time, the approval and certification procedures will be simplified and a "green channel" for entrepreneurship will be opened up. It is required to fully implement supporting policies such as tax incentives, financial subsidies, and venue arrangements to encourage entrepreneurship.

5. Entrepreneurs will receive more public services

The "Guiding Opinions" clearly state that project development, program design, risk management and management will be organized according to the needs of urban and rural entrepreneurs. Provide "one-stop" entrepreneurial services such as evaluation, business start-up guidance, financing services, and tracking support, establish an entrepreneurial information and policy release platform, and build an effective channel for entrepreneurs to communicate and help each other.

3. What are the recommendations for strengthening the implementation of the entrepreneurial guaranteed loan policy?

Intensify the implementation of entrepreneurial guaranteed loan policies, and establish a guarantee-free mechanism for recommending credit villages, credit parks, and entrepreneurial incubation demonstration carriers.

4. Increase support for entrepreneurial guaranteed loans, expand policy coverage, and give priority to support key groups affected by the epidemic?

If we increase the support for entrepreneurship guarantees and expand the scope of support for real businesses, we can give priority to the key groups affected by the industry.