In order to promote the increase of farmers' income and the development of rural credit economy, and solve the problem of farmers' loan difficulties, on July 6, 2009, at 5438+07, the Sanshui District People's Government of Foshan City, Guangdong Province, the Sanshui District Rural Credit Cooperative Association and China People's Property Insurance Co., Ltd. Foshan Sanshui Branch (hereinafter referred to as PICC Sanshui Branch) signed a tripartite agreement to jointly launch a "government-bank-insurance" cooperative agricultural loan, exploring the guarantee fund provided by the government and introducing commercial insurance companies. On the same day, nine farmers were insured and became the first beneficiaries of "political security". I. Basic Information of "Political and Banking Insurance" The "Political and Banking Insurance" is an agricultural loan model in which the funds invested by the government are used as a guarantee, rural credit cooperatives provide loans to the guaranteed objects that meet the loan conditions, and insurance companies provide guarantee insurance for the above loan principal. The initial guarantee amount of the agricultural loan guarantee fund is 654.38+million yuan, which is used to provide guarantee and subsidize part of the premium. The district government will inject capital at the beginning of each year according to the capital situation, keep the balance of the guarantee fund account at the beginning of the year not less than 6.5438+million yuan, and set up a "government-bank-insurance" cooperation office. According to the regulations, the objects that can apply for loans are: high-quality agricultural enterprises with Sanshui household registration, farmers' professional cooperatives, farmers' professional cooperative economic organizations, rural collective economic organizations and specialized breeding households. The maximum loan amount is: 500,000 yuan for specialized aquaculture households; District-level agricultural leading enterprises and farmers' professional cooperative economic organizations are 6.5438+0 million yuan; Municipal agricultural leading enterprises and farmers' professional cooperative economic organizations 2 million yuan; Provincial and national agricultural industrialization leading enterprises 3 million yuan; Rural collective economic organizations engaged in the infrastructure construction of modern agricultural parks are 5 million yuan. All the farmers who have been approved by the Cooperation Office of "Government, Banking and Insurance" in this district can apply to PICC Sanshui Branch for purchasing agricultural small loan guarantee insurance and become the insured of this type of insurance. The insured is a rural cooperative credit cooperative that provides loans. The premium is charged at 2% of the loan amount, the insured pays 50%, and the district "government-bank-insurance" cooperative agricultural loan guarantee fund pays 50%; Rural credit cooperatives in this area lend to agricultural enterprises and farmers at benchmark interest rates. When the loan suffers losses, the three parties shall compensate according to a certain proportion and jointly recover. In the event of an insurance accident in loans overdue, the rural credit cooperatives shall bear 20% of the contract amount, and the insurance company shall bear the remaining losses within the total annual compensation. If the total annual compensation of the insurance company exceeds the maximum limit (65438+ 0.2 times of the total premium income), the excess shall be borne by the rural credit cooperatives and 80% by the district government. Second, the main feature (1) does not require loan collateral. When farmers with household registration in Sanshui borrow money, they no longer need to mortgage their family property or pay a high price to obtain a guarantee from a financial guarantee company, but only need to submit relevant materials and applications to the district rural credit cooperative union. At the same time, banks don't need to worry about the risk of loans overdue's non-repayment, because insurance companies will repay borrowers' loans on their behalf. (2) Comprehensive insurance coverage. Guarantee all kinds of insurance liabilities that the insured can't repay on time except wars, military operations, terrorist incidents, earthquakes and other disasters and man-made malicious acts, and meet the insurance needs of the insured to the maximum extent. (3) The handling of overdue loans reflects risks. In the past, when farmers didn't pay in loans overdue, banks seized collateral and charged interest to urge the loan to be repaid. The agricultural loan model of "government-bank-insurance" will adopt the loans overdue way which is beneficial to both banks and farmers. When the borrower fails to repay the loan principal and interest after the loan principal is overdue for three months, the loan rural credit cooperative will go through the claim settlement procedures with the insurance company, and go through the guarantee compensation procedures with the district "government, bank and insurance" cooperation office for the insufficient payment. After the insurance company and the district "government-bank-insurance" cooperation office pay compensation, they will recover from the borrower together with the lending institution. After the recovery is successful, the three parties will distribute it according to their respective proportions.