After the rural foundation is banned, the local township will be responsible for the payment. You can find the local township government or the county and city level.

Rural cooperative foundation is a mutual fund organization serving agriculture, countryside and farmers in the community, not a financial institution.

1999 1 the State Council issued document No.3, officially announcing the nationwide unified ban on rural cooperative foundations.

The rectification work is basically divided into several stages: assets verification, classified treatment, debt collection and deposit payment.

1. The township government applied for a loan from the bank to pay the debts of the Foundation.

2. To recover the outstanding loan of the cooperative foundation, the main source of funds shall be cashed in the future repayment plan.