The China Banking and Insurance Regulatory Commission, the Ministry of Finance, the People's Bank of China, and the State Council Poverty Alleviation Office jointly issued the "Notice on Further Standardizing and Improving the Management of Poverty Alleviation Microcredit" (hereinafter referred to as the "Notice").

The "Notice" mainly includes poverty alleviation micro-credit policies, credit fund needs of registered poor households, handling loan renewals and extensions, coping with repayment peak periods, risk compensation mechanisms, and classified disposals that are not directly used. Seven aspects including poverty alleviation microcredit for developing production and strengthening organizational guarantees for poor households.

Among them, in terms of policy points, we insist on "less than 50,000 yuan, within 3 years, no guarantee and no mortgage, benchmark interest rate lending, fiscal discounts, and county construction risk compensation." Poverty alleviation microfinance support objects should include registered poor households that have been lifted out of poverty, and the upper limit of the borrower's age can be relaxed to 65 years old. Various policies on poverty alleviation microcredit, loan renewal, and extension will remain unchanged during the poverty alleviation period.

In terms of the purpose of poverty alleviation micro-credit, it is necessary to fully meet the poverty alleviation micro-credit fund needs of registered poor households. Adhere to household borrowing, household use and household repayment, accurately use poor households to develop production, and cannot be used for non-productive expenditures. It will continue to be prohibited from handing over newly issued poverty alleviation microcredit to enterprises in the form of stock dividends, on-lending, quota exchange, etc. , government financing platforms or other organizations.

The following is the original text of the notice:

Notice of the China Banking and Insurance Regulatory Commission, the Ministry of Finance, the People’s Bank of China and the State Council Poverty Alleviation Office on further standardizing and improving the management of microfinance for poverty alleviation

Bank China Insurance Regulatory Commission [2019] No. 24

All banking and insurance regulatory bureaus, the finance departments (bureaus) of all provinces, autonomous regions, and municipalities directly under the Central Government, the Shanghai headquarters, all branches, business management departments, and provincial capitals (capital cities) of the People's Bank of China City central branches, poverty alleviation offices (bureaus) of all provinces, autonomous regions and municipalities directly under the Central Government, all policy banks, large banks, joint-stock banks, Postal Savings Bank:

In recent years, in various regions, relevant departments and banking insurance With the joint efforts of the industry, poverty alleviation microfinance has been solidly promoted and developed vigorously, and has achieved remarkable results in helping poor people get rid of poverty and becoming rich, enhancing the internal motivation of poor households, promoting the development of financial markets in poor areas, and improving rural governance.

At present, the fight against poverty has entered a sprint period of gnawing hard bones and overcoming difficulties. To further develop poverty alleviation microfinance, we must adhere to two aspects of efforts and two promotions. The registered poor households actively develop production to get rid of poverty and become rich;

Focus on standardizing and improving management, preventing and defusing risks, not unilaterally emphasizing the loan rate of poverty alleviation microcredit, and preventing poor households from being over-indebted.

According to the new situation, new tasks and new requirements, in order to further standardize the management of microfinance for poverty alleviation, effectively solve the problems of unspecific policies and measures, imperfect risk compensation mechanisms, and high centralized repayment pressure, and promote the microfinance management of poverty alleviation. To ensure the healthy development of microcredit and help win the targeted battle against poverty, the relevant matters are hereby notified as follows:

1. Uphold and improve the poverty alleviation microfinance policy

(1) Further clarify the key points of the policy . The poverty alleviation microcredit policy must continue to adhere to the policy points of "less than 50,000 yuan, within 3 years, no guarantees and no mortgages, lending at benchmark interest rates, fiscal discounts, and county construction risk compensation." Various policies on poverty alleviation microcredit, loan renewal, and extension will remain unchanged during the poverty alleviation period.

(2) Further clarify the objects of support. Poverty alleviation microfinance mainly supports registered poor households (including poor households that have been lifted out of poverty). During the poverty alleviation period, on the premise that relevant conditions are met, banking institutions can renew or extend loans for poor households; on the premise that small-amount poverty alleviation loans have been paid off and the conditions for re-loans are met, banking institutions can extend loans to poor households. Issued poverty alleviation microcredit.

(3) Further clarify the purpose of the loan. Poverty alleviation microcredit must adhere to the principles of household borrowing, household use and household repayment, and be accurately used for the development and production of poor households. It cannot be used for non-productive expenditures such as marriage, building houses, financial management, and purchasing household supplies, and it cannot be used concentratedly on government financing platforms. , production and operation enterprises, etc.

(4) Further clarify loan conditions. Poor households who newly apply for poverty alleviation microcredit (including loan renewal and extension) must abide by the law, be honest and trustworthy, have no major bad credit records, and have full capacity for civil conduct; they must be credited through bank ratings, be willing to lend, and have the necessary Skills and qualities and a certain repayment ability; loan funds must be used in industries and projects that do not violate laws and regulations and have certain market prospects; in principle, the age of the borrower should be between 18 years old (inclusive) and 65 years old (inclusive) between. Banking institutions should comprehensively consider the borrower's own conditions, loan purpose, risk compensation mechanism, etc., and make loan decisions independently.

2. Effectively meet the credit fund needs of registered poor households

(1) For registered poor households who meet the loan conditions and are willing to lend, it is necessary to implement slicing For lump sum responsibilities, the county or town is the unit, and the local institution with branches is determined to be the main responsible bank, and a list system is implemented to ensure that all loans can be made. It is necessary to further improve the three-level financial poverty alleviation service system in counties and rural areas, improve service levels, accurately rate credit, optimize the pre-loan investigation process, and release poverty alleviation microcredit funds in a timely manner.