Small And Medium Sized Textile And Clothing Financing Difficulties Xinjiang Two Hundred Million Financial Funds Strong

To promote the employment of millions of people in Xinjiang's textile and garment industry, following the introduction of relevant support policies by the state, Xinjiang recently arranged 200 million yuan of financial funds and set up a textile and garment credit risk compensation fund, providing guarantee for eligible small and medium sized textile and garment enterprises to loan financing, and further enhancing the financing support ability of enterprises.

Reporters learned from the the Xinjiang Uygur Autonomous Region industry and information technology department, the autonomous region many departments jointly issued the "the Xinjiang Uygur Autonomous Region textile and garment credit risk compensation fund operation and management Interim Measures." It is clear that the 200 million yuan fund allocated by the autonomous region is aimed at weaving, clothing, knitting, household textiles, industrial textiles, carpet embroidery, wool textile and hemp textiles, which can solve more employment and help to solve the problem of textile and clothing enterprises.

Kashi, Hotan, Akesu and Kirgiz Kirgiz Autonomous Prefecture in southern Xinjiang are deep poverty-stricken areas in China. The method stipulates that the fund loan shall have the principle of "priority in southern Xinjiang", and the loan ratio of four Prefecture enterprises in the southern Xinjiang shall not be less than 60% of the total loan amount each year.

At the same time, we should implement dynamic management of related banks. If the fund cooperative banks fail to reach the minimum loan requirements of the year, the autonomous region will adjust the measures to reduce the size of the cooperative bank funds or terminate cooperation.