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How to calculate the discount for the discount loan for starting a business?
50% of the basic interest rate is given a discount.

If the loan amount of small and micro enterprises is less than 2 million yuan, the financial department will give a discount at the preferential loan interest rate of 50% on the contract signing date, and the discount funds will be borne by the central, provincial, municipal and county finances, with a sharing ratio of 5: 3: 2.

The discount policy is a way for the national finance to subsidize interest in order to support the development of enterprises, projects and industrial sectors that conform to industrial policies.