20 17, 12, 1 to 20 19, 12, 3 1, and the interest income obtained by financial institutions from granting small loans to farmers is exempt from value-added tax.

Microfinance refers to the loans of farmers, small enterprises, micro-enterprises or individual industrial and commercial households with a single household credit of less than 6,543,800 yuan (inclusive); If there is no credit line, it refers to a loan with a single-family loan contract amount and a loan balance of less than 6,543,800 yuan (inclusive).