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Ningxia Agricultural Investment Corporation solves the financing problem of farmers' cooperatives by using the "government bank support" model

Time: 2018-11-02 14:42:34 Source: Author:

Recently, Ningxia Agricultural Comprehensive Investment Company affiliated to Ningxia Agricultural Investment Group issued 7.28 million yuan of financial support loans to 20 demonstration farmers' professional cooperatives above the district level, which is a practical measure taken by the company to solve the problem of "difficult and expensive financing" of farmers' professional cooperatives.

Since 2014, Ningxia Agricultural Investment Group has given full play to the investment and financing platform function of comprehensive agricultural investment companies, actively sought support from the Finance Department of the Autonomous Region, explored the establishment of a "government bank guarantee" cooperation model of "guarantee first, assessment second, award later", and set up guarantee deposits in accordance with the proportion of 1:2 capital contribution, in response to the "difficult and expensive financing" problems faced by specialized farmers cooperatives, The guarantee rate is reduced from 1.8% to 0.9%. By adopting this model, it has provided guaranteed loans of 262 million yuan to 49 demonstration farmers' professional cooperatives at or above the autonomous region level, and the financial support award and subsidy funds have been leveraged 10 times.

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