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What are the conditions for migrant workers to return home to start their own businesses?

Only those who meet the following conditions for interest-free loans to start a business for migrant workers can apply: 1. Registered with the industrial and commercial department; 2. Have a fixed business site and a certain amount of self-owned capital; 3. The project must comply with relevant national laws, regulations, and policies

Regulations; 4. Self-raised funds shall not be less than 40% of the funds required for the project; 5. No bad records and good credit; 6. Should pass entrepreneurship training and obtain an entrepreneurship training certificate.

In order to support the development of entrepreneurial guaranteed loans, small-amount guaranteed loans will be adjusted into entrepreneurial guaranteed loans. Targeted at key employment groups and people in need who have entrepreneurial requirements and have certain entrepreneurial conditions but lack entrepreneurial funds, we will improve the availability of financial services and clarify the support targets.

, standards and conditions, the maximum loan amount is adjusted from 50,000 yuan, 80,000 yuan, and 100,000 yuan for different groups to 100,000 yuan, with full interest discounts from all levels of finance.

The expanded information "Opinions of the General Office of the State Council on Supporting Migrant Workers and Other Personnel to Return to Their Hometowns to Start Businesses" proposes five policies and measures to support returning home entrepreneurship: 1. Lower the threshold for returning to hometowns to start businesses.

2. Implement targeted tax reduction and general fee reduction policies.

Those who meet the conditions stipulated in the policy can enjoy tax reduction and exemption policies such as corporate income tax reduction, value-added tax exemption, and business tax exemption.

3. Increase financial support.

Social security subsidies will be provided to qualified enterprises and personnel in accordance with regulations; those who meet the conditions stipulated in the support policies for supporting agriculture, benefiting farmers, and small and micro enterprises will be included in the scope of support; employees of online merchants who have been registered with the industrial and commercial registration will equally enjoy various employment and entrepreneurship supports

Policies; those who have not registered with the industrial and commercial registration can equally enjoy the flexible employment support policy.

4. Strengthen financial services for returning home entrepreneurs.

Use venture capital funds to support migrant workers and other personnel returning to their hometowns to start businesses; accelerate the development of village banks, rural credit cooperatives and small loan companies, and encourage banking financial institutions to develop targeted financial products and financial services; increase support for returnees to start businesses

Provide credit support and services to qualified personnel, and provide entrepreneurial guaranteed loans to those who meet the conditions.

5. Improve support policies for return-to-home entrepreneurship parks.