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200 Million Yuan “Small Loans” Promote Businesses

2015-11-26

“The loans have been issued to me without interest. What a good policy!” gladly said by Huang Jine, one of the private business owners of Chenzhou city. She got 100,000-yuan-loan from Chenzhou Human Resources and Social Security Administration lately, which helped to solve her shortage of funds.

 

In order to mobilize people’s passion on entrepreneurship, Chenzhou city lowered the standards of small-sum guaranteed loan. All people who meet the conditions of entrepreneurship and all projects which can help to provide more job vacancies are capable to apply for this loan. The conditions are as follow: urban registered unemployed person who are in legal labor age, entrepreneurs who return to hometown to open businesses, veterans, farmers without farming lands, and college graduates who graduated from universities in 2 years. The amount of loans was increased to 100,000yuan/person and duration was extended to 2 years, which helped to solve the financial problems faced by the entrepreneurs.

 

Efficient capitals help to promote the entrepreneurship. It was introduced that from this January to October, 200million yuan small-sum guaranteed loans were issued by Chenzhou city, which greatly helped to mobilize people’s passion on entrepreneurship. 23,731 new business entities were available in Chenzhou city, which helped to provide 43,915 job vacancies to local people.