Inner Mongolia: Relaxing microfinance policy to support independent entrepreneurship

Reporter from the Inner Mongolia Autonomous Region financial work office, Labor and Social Security department and other departments learned that the recent relaxation of the initial venture in Inner Mongolia, small guarantee loan issuance policy, and strive to make the year's small guaranteed loans to reach about 1 billion yuan to support urban and rural workers to participate in self-employment. In the face of the current employment pressure, Inner Mongolia recently adjusted the policy of small secured loans and fiscal discount.　　In accordance with the new rules, Inner Mongolia will enjoy the scope of microfinance loans, from laid-off workers to expand the urban and rural entrepreneurial will, entrepreneurial ability of all first-time entrepreneurs, including laid-off workers, college graduates, migrant workers, demobilized ex-servicemen, returned students and other groups. Reporter to understand that the general small loan application amount of 50,000 yuan, if the quality of entrepreneurship projects, good prospects, led by more employment, the amount of loans can be relaxed to 80,000 yuan. In addition, under the loan terms of the partnership venture, the maximum per capita loan amount of the partnership entrepreneur is up to $100,000.　　At the same time, the initial entrepreneur to apply for small loans, from the financial grant discount, discount period of 2 years. According to statistics, since 2003, the establishment of the Small Security Loan Fund in Inner Mongolia has increased to 180 million yuan, the cumulative amount of small secured loans has reached 1.5 billion yuan, the financial cumulative discount of 84 million yuan, a total of more than 70,000 people have received the initial venture small guarantee loan support.