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 Release date: 2024-09-04   |   Number of visits: 173    |  Source:  
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Inner Party Jin Banfa [2024] No. 22

Financial Office of Hohhot Municipal Party Committee,Finance Bureau of various league cities、Agriculture and Animal Husbandry Bureau,People’s Bank of China branches in various cities,All financial regulatory bureaus,Financial institutions:

To help the farming industry in our region overcome the difficulties affected by the price of raw milk,Promote the high-quality development of the autonomous region’s dairy industry,The "Several Measures on Financial Support to Relieve and Relieve Difficulties of Dairy Farms" are now issued to you,Please implement it carefully based on actual conditions。

Office of the Financial Committee of the Inner Mongolia Autonomous Region Committee of the Communist Party of China

Inner Mongolia Autonomous Region Agriculture and Animal Husbandry Department

People's Bank of China Inner Mongolia Autonomous Region Branch

Inner Mongolia Financial Supervision Bureau

July 13, 2024

 

 Several Measures Regarding Financial Support to Relieve Difficulties of Dairy Farms

To promote the high-quality development of the autonomous region’s dairy industry,Help the farms in our area that are affected by the price of raw milk to tide over the difficulties,Further highlighting the political nature of financial work、People’s nature,The following measures are now proposed to provide financial support to dairy farms to relieve their difficulties。

  1. Increase relief and assistance.The handling bank handles dairy farms that have temporary liquidity difficulties due to the impact of raw milk prices,Approval materials and procedures should be simplified as much as possible,According to "Special Events"、Principle of "do urgent things urgently",Complete due diligence as soon as possible、Approval、Adjustments and Loans,In principle, credit loans should not exceed 10 working days,No more than 15 working days for other types of loans,Plan in advance “silage loan” and other special products,Multiple ways to help farms tide over difficulties。(Responsible unit: banking financial institution、People's Bank of China Inner Mongolia Branch、Inner Mongolia Financial Supervision Bureau、Autonomous Region Agriculture and Animal Husbandry Department)

  2. Ease the problem of loan repayment and renewal.Encourage raw milk purchasing companies to sign stable contracts with farms、Long-term fresh milk purchase and sale contract。The handling bank does not blindly restrict loans、Loan extraction、Closing loan,Flexibly adopt extension under the premise of controllable risks、Adjust repayment plan、Extension of repayment period and other forms,Make arrangements for credit funds,Helping dairy farming enterprises tide over difficulties。(Responsible unit: Autonomous Region Agriculture and Animal Husbandry Department、Banking financial institutions、People's Bank of China Inner Mongolia Branch、Inner Mongolia Financial Supervision Bureau)

  3. Effectively reduce financing costs.Encourage qualified banking financial institutions to consider the bank’s actual capital costs,Improve internal fund transfer pricing policy arrangements,Provide preferential interest rate loans for dairy farming enterprises。Strengthen supervision of loan purposes,Track and monitor the compliance of loan purposes。(Responsible unit: banking financial institution、People's Bank of China Inner Mongolia Branch、Inner Mongolia Financial Supervision Bureau)

  4. Establish a bailout list mechanism.The Autonomous Region Agriculture and Animal Husbandry Department organized the collection of the list of farms that applied for relief and the signing of fresh milk purchase and sales contracts,Submit to the Financial Office of the Autonomous Region Party Committee and the Inner Mongolia Financial Supervision Bureau,The Financial Office of the Autonomous Region Party Committee and the Inner Mongolia Financial Supervision Bureau are responsible for pushing it to relevant financial institutions。(Responsible unit: Autonomous Region Agriculture and Animal Husbandry Department、Banking financial institutions、Financial Office of the Autonomous Region Party Committee、Inner Mongolia Financial Supervision Bureau)

  5. Expand the scope of collateral.Banking financial institutions should select financial consultants for the dairy farming industry,Improve the professionalism of financial services、Pertinence and effectiveness。Banking financial institutions should be based on the characteristics of dairy farming enterprises,Incorporate the registration of agricultural and animal husbandry production facilities into the scope of recognition,Expand the scale of mortgage loan products,Increase the development and creation of medium and long-term loan products,Vigorously promote land management rights、Breeding pen、Large-scale breeding machinery、Live livestock and poultry mortgage loan launched。Encourage government re-guarantee institutions and financing guarantees to participate in guaranteed loans,Shared risks。(Responsible unit: banking financial institution、People's Bank of China Inner Mongolia Branch、Inner Mongolia Financial Supervision Bureau、Financial Office of the Autonomous Region Party Committee、Autonomous Region Agriculture and Animal Husbandry Department)

  6. Establish a working capital pool for relief.Encourage all league cities to set up a fund pool to relieve dairy farming enterprises according to their own needs,Provide short-term working capital for qualified dairy farming enterprises,Help solve the problem of loan repayment,League cities that set up a fund pool to rescue dairy farming enterprises must formulate fund management and use methods,Strictly standardize operating procedures。(Responsible unit: Administrative Office of each league, Municipal People's Government)

  7. Strengthen tracking and dispatching.All banking institutions must report to the Inner Mongolia Financial Supervision Bureau on a regular basis、The Financial Office of the Autonomous Region Party Committee reported the bailout situation of dairy farming enterprises。Inner Mongolia Financial Supervision Bureau should establish a random inspection and return visit system,Follow up and return visits on bank docking status,Guide banking institutions to increase their efforts to bail out dairy farming enterprises included in the list of special bailout funds。(Responsible unit: banking financial institution、Inner Mongolia Financial Supervision Bureau、Financial Office of the Autonomous Region Party Committee)

  8. Implement due diligence and exemption from liability.Loans issued by bank staff to dairy farming enterprises that are included in the bailout support list and meet credit conditions,After risks arise in the credit business,After verification, there is sufficient evidence that the credit department and staff comply with relevant laws and regulations、Regulations and policy documents and the bank’s internal management system to perform duties diligently and conscientiously,Disclaimer,And not included in the regulatory assessment。(Responsible unit: banking financial institution、Inner Mongolia Financial Supervision Bureau、Financial Office of the Autonomous Region Party Committee)

Source: Office of the Financial Committee of the Inner Mongolia Autonomous Region Committee of the Communist Party of China