Special funds from the central government to support inclusive financial development

Beijing, 29 Sep (Xinhua) the reporter learned from the Ministry of Finance on 29 September that in order to speed up the establishment of inclusive financial services and security system, the central government has arranged special transfer payment funds to provide support from four aspects: incremental incentives for agriculture-related loans from county financial institutions, targeted fee subsidies for rural financial institutions, discount and subsidy for start-up guarantee loans, and awards for government and social capital cooperation (PPP) projects.

For this purpose, the Ministry of Finance specially issued the measures for the Management of Special funds for inclusive Financial Development, which is valid for three years and aims to comprehensively use business incentives, cost subsidies, loan discounts, awards instead of subsidies, etc. guide local people's governments at all levels, financial institutions and social funds to support inclusive financial development We will ensure that farmers, small and micro enterprises, urban low-income people, the poor, the disabled and the elderly have access to basic financial services.