Fujian Rural Credit's help to the "three rural areas" work was praised by the National Agricultural Credit Guarantee Alliance

Recently, the State Agricultural Credit Guarantee Alliance Co., Ltd. sent a letter of thanks to Fujian Rural Credit, praising Fujian Rural Credit for "thoroughly implementing the rural revitalization strategy, focusing on the overall situation of 'three rural areas' work to fully support agricultural credit guarantee work, basing on local economic development and joint efforts to improve the coverage and inclusiveness of agricultural undertakings, and making important contributions to promoting rural industrial revitalization and agricultural modernization".

For a long time, Fujian Rural Credit has actively implemented the decision-making and deployment of the Party Central Committee, the State Council, the provincial party committee and the provincial government, given full play to the advantages of the rural credit system with many points, wide coverage, popularity, geographical advantages and the role of guarantee companies in increasing credit and sharing risks, explored and innovated the bank-to-bank cooperation model, and effectively solved the problems of "financing difficulties" and "expensive financing" in key areas and weak links of the national economy such as "three rural areas" and small and micro enterprises. By the end of 2021, the balance of Cooperative Loans guaranteed by Fujian Rural Credit Bank is nearly 10 billion yuan, an increase of 3.7 billion yuan over the beginning of the year, an increase of 59%, and the market share is nearly 40%, ranking first in the province's banking industry.

In May 2021, the Ministry of Agriculture and Rural Affairs launched a nationwide credit through train activity for new agricultural business entities (hereinafter referred to as "new agricultural entities"). The Provincial Rural Credit Union attaches great importance to it, responds positively, signs a business cooperation agreement with the Provincial Agricultural Undertaking Company for the first time, widely publicizes the credit through train policy of the new agricultural entity, seizes the business opportunity, and guides the Xianyou Rural Commercial Bank to issue the first "New Rural Direct Loan" of 500,000 yuan in the province on May 20, 2021, pressing the "shortcut key" for the service of the new agricultural entity.

By the end of 2021, the number of main loan households of Fujian Rural Credit New Agriculture was 23,200, with a balance of 6.536 billion yuan, benefiting 10,355 farmers' professional cooperatives, 6,613 large professional households, 5,795 family farms, and 431 leading agricultural enterprises.

In 2021, Fujian Rural Credit will further deepen the cooperation between yin and dan, innovate product and service models, and improve the quality and efficiency of new agricultural services.

First, exclusive products, more professional services. Focusing on the basic characteristics and financing needs of the new farmers, we innovated and launched an exclusive product "Funong Direct Loan", which is divided into two types, A and B, of which the A credit object is the individual operator of the new farmer entity, including the "Xinnong Direct Loan"; the B credit object is the Xinnong main company.

The second is model innovation, and the service is more convenient. In the province, it took the lead in launching the "total-to-total" batch guarantee model of silver-to-bank, the bank screened customers according to the agreed conditions, and the government financing guarantee company implemented the "loan is guaranteed", showing the characteristics of high efficiency, fast approval, low rate and wide coverage. By the end of 2021, a total of 40 banks in 8 cities (excluding Xiamen) and 34 government financing guarantee institutions have carried out "total-to-total" business cooperation, and have issued batch guarantee loans of 7.182 billion yuan, with remarkable results.

The third is the empowerment of science and technology, and the service is more efficient. Independent research and development of "new agricultural business entity management and grading evaluation system", through the integration of rural "three capital" data, government financial subsidy data, etc., to provide new agricultural entities with financial management, subsidy inquiry, credit rating, loan application and other functions, to further solve the difficulty of rating, loan difficulties, is currently pilot application in Gutian County. As the only representative of the national rural credit system, Fujian Rural Credit was successfully selected into the list of 2021 financial support agricultural innovation pilots released by the Ministry of Agriculture and Rural Affairs, and was included in the pilot scope of government procurement of services (only four financial institutions in the country).

Fourth, the government and the bank work together, and the service is more powerful. Comprehensively use preferential policies such as refinancing, bailout loans, chuangbao loans, science and technology loans, and provincial risk sharing capital pools to accurately transmit preferential interest rates to the real economy, expand the scale of credit delivery, continuously reduce customer financing costs, and let more "three rural areas" and small and micro groups enjoy policy dividends.

In the next step, Fujian Rural Credit will continue to deepen exchanges and cooperation with agriculture-related enterprise departments, government financing guarantee institutions, and re-guarantee institutions, promote bank-to-bank cooperation in a wider range of fields and at a deeper level, promote the comprehensive upgrading of agriculture, the comprehensive progress of rural areas and the comprehensive development of farmers, and draw a magnificent blueprint for the revitalization of rural industries.

Source: New Fujian