Over the years, financing has been difficult, high and slow, just like three mountains across the development path of agricultural business entities. In order to solve this problem, from 2065438 to July 2006, Gansu Province established Agricultural Credit Guarantee Co., Ltd. to jointly build a policy agricultural credit guarantee system with financial institutions to provide credit guarantee services for new agricultural business entities with moderate scale operation.

According to the person in charge of the Agricultural Bank of China Gansu Branch, the biggest difference between policy-based agricultural credit guarantee loans and ordinary loans lies in the innovation of risk sharing mechanism. Taking the agricultural credit guarantee loan as an example, the agricultural credit guarantee company provides joint and several liability guarantee, and the bank has established a 2:8 risk sharing mechanism. A single family can support small and medium-sized agricultural enterprises, professional cooperatives and family farms. At the same time, loans are checked one by one.

Through the guarantee of the policy agricultural credit guarantee company, the bank loans obtained by agricultural business entities have preferential interest rates and guarantee rates, and the loan costs are also reduced. Ma Chen, vice president of Gansu Agricultural Guarantee Company, told reporters that the interest rate of guaranteed loans is usually within 6% of the annual interest rate, and the guarantee rate does not exceed 1%. By the end of June this year, the insurance balance of Gansu Agricultural Insurance Company had exceeded 65,438+billion yuan, with 65,438+insurance projects.