Washington, September 9th, the City Finance Bureau announced that in order to promote the stable production and supply of pig industry, the Municipal Finance Bureau and the municipal agriculture and Rural Committee recently issued a discount scheme for circulating funds of pig breeding enterprises. The pig farms (including local pig breeding grounds) with livestock and poultry production and operation licenses and pig farms with more than 5000 pigs in the year were issued. Provide short-term loan discount support.
The discount scope focuses on the production liquidity of relevant enterprises for purchasing feed, sows, piglets, etc. The discount period is arranged annually from August 1, 2018 to July 31, 2020. For loans maturing within the discount period, the calculation shall be based on the actual time of interest payment, and for loans not yet maturing within the discount period, the calculation shall be based on the deadline of interest discount. In addition, the sum of the discount rates shall not be higher than the benchmark bank interest rates for the same period. Among them, districts and counties can set aside no more than 2% of the funds issued by the central government for agricultural production and development for guiding tasks such as agricultural production and social services in 2019, and the rest will be subsidized by the Municipal Finance in a certain proportion. Discount funds shall not be enjoyed repeatedly.
People from the Municipal Finance Bureau said that the support policy also strengthened the policy-oriented agricultural credit guarantee service. The two department issued a circular request that Chongqing agricultural financing guarantee Group Limited should give full play to its policy functions and actively provide credit guarantee services for pig farms (including local pig breeding grounds) and pig farms with more than 5000 annual slaughter, and encourage the use of pig attachments and live pigs as counter guarantee measures. Farmers whose payments are due will implement extension guarantee and promote non-repayment loan renewal by banks and other financial institutions.
Source: Responsible Editor of Chongqing Daily: Liu Yuxin_NBJS7825