Anhui's "unsecured, interest-free" loan goes directly into farmers' accounts.

For a long time, due to the lack of collateral or difficult to bear the high loan interest, it is not easy for grass-roots farmers to expand production and increase income through loan financing. The Agricultural Development Bank of China, in conjunction with relevant guarantee institutions and local leading enterprises, has explored and implemented a new credit model for supporting agriculture, which sends credit funds directly to farmers, so that farmers do not need to provide collateral or even pay interest. it is expected to provide a new way to solve the financing difficulties of grass-roots farmers, promote agricultural efficiency and increase farmers' income.

Li Chaoqun, a villager from Wangjiahe Village, Dahuaping Town, Huoshan County, Anhui Province, recently received a loan of nearly 60,000 yuan from the Anhui branch of the Agricultural Development Bank to his account, which will help him expand his bamboo planting area from the current 20 mu to 40 mu by April this year. At present, more than 20 mu of bamboo has been planted to increase his income by about 30,000 yuan a year.

Huoshan County, located in the Dabie Mountains of Anhui Province, is known as the "hometown of bamboo", with a bamboo forest area of more than 240000 mu, short production cycle and strong regeneration ability, and is gradually becoming a favored green material. Over the years, the cultivation and sale of Phyllostachys pubescens has brought benefits to the local people, and has become one of the most important sources of income for local farmers.

Li Chaoqun told reporters that the biggest cost of planting Phyllostachys pubescens is the upfront investment, which mainly includes reclamation and the purchase of bamboo mother. In the past, he has applied for loans from some grass-roots financial institutions. Apart from using housing as collateral, he also has to pay about 9% interest. With this loan, he not only does not have to provide collateral, but also does not have to pay interest on the loan.

Li Chaoqun is not alone. Yu Ronggao, director of his Wangjiahe village, told reporters that at present, more than a dozen farmers in Wangjiahe village have received loans ranging from 30,000 yuan to 100000 yuan from the Agricultural Development Bank, which will be used to expand the planting area of Phyllostachys pubescens.

The agricultural support service obtained by the villagers in Wangjiahe Village benefits from the new peasant household loan project "10,000 households of Mao Bamboo Rich people Project" being implemented by Anhui Branch of Agricultural Development Bank, Anhui Credit guarantee Group and local leading enterprise Longhua Bamboo Industry Co., Ltd., that is, Longhua bamboo industry acts as the total borrower, and Anhui Credit guarantee Group provides guarantee to provide unified loan services for enterprise order farmers. All loans are directly entered into the "all-in-one card" passbook of farmers.

Longhua Bamboo Industry is a leading enterprise in agricultural industrialization at the provincial level, which focuses on the research, development, processing and export of bamboo products. Fang Yelong, the person in charge, said that the loan project implemented this time can not only support local farmers to expand the planting area of Phyllostachys pubescens, drive farmers to increase their income and become rich, but also provide a continuous stream of materials for enterprises to expand their production scale.

When it comes to how to repay the loan, Yu Ronggao and Li Chaoqun are very easy: there is no rigid repayment date. When the bamboo is mature, the bamboo can be calculated at the market price and then sent to Longhua Bamboo Industry to deduct the principal of the loan. Fang Yelong also promised that when farmers repay the money, the purchase price of Longhua bamboo will rise by 2% on the basis of the market price.

Han Yi, vice president of the Anhui Branch of the Agricultural Development Bank, said that the Agricultural Development Bank has approved a loan line of 50 million yuan for Longhua Bamboo Company on the project of enriching the people of Phyllostachys pubescens. At present, it is launching a guarantee loan of 10 million yuan in the first phase, benefiting hundreds of peasant households. The whole loan project is expected to cover more than 20, 000 bamboo farmers.

Han Yi said that the "10,000 Bamboo Rich people Project" is only part of a series of peasant household guarantee credit programs implemented by the Agricultural Development Bank and Anhui Province guarantee Group. Similar credit support model will soon be extended to grain production, oil processing and other industries.