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Jinmi Rural Revitalization Farming Loan
2021-01-18
Product introduction: It refers to the RMB loan issued to eligible new agricultural business entities, including family farms, large-scale specialized households, farmers’ cooperatives, leading industrialized enterprises, etc., for meeting the financial needs for agricultural industry development, provision of farming preparation supplies or other agricultural production and business activities.
Loan limit:
1. Not exceeding RMB 3 million (included) in principle for family farms and large-scale specialized households and single household;
2. Not exceeding RMB 5 million (included) in principle for single household of farmers’ cooperatives;
3. The total credit amount and specific loan amount of the borrower are determined by the leading agricultural industrialized enterprises based on the actual production and operation capital demand, crop output income, production and operation cycle, etc.
Loan period: It is determined based on the loan purpose, production and operation cycle, repayment sources and the remaining period of the land contract of the borrower.
Loan purpose:
1. Make payment for the purchase and sale of agricultural (by-product) products (including seasonal and periodic rigid-need agricultural products), including but not limited to all aspects of reserve, circulation and consumption.
2. Purchase agricultural production materials, such as seeds, fertilizers, pesticides, feed and feed additives, aquatic seedlings, etc. needed for production.
3. Make payment for the processing of agricultural products, primary processing production and marketing.
4. Make payment for other working fund costs incurred in the course of agricultural production and operation.
Guarantee option: In addition to the traditional form of guarantee, for those relying on leading agricultural enterprises to carry out “leading agricultural enterprises + farmers”, “leading agricultural enterprises + farmers’ cooperatives + farmers” and other business models, leading enterprises are supported to provide loan guarantees for family farms, large-scale specialized households and farmers’ cooperatives.
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