Legal analysis: The Measures for the Administration of Farmers' Loans is a departmental regulation formulated by China Banking Regulatory Commission, which came into effect on 20 13 10. It mainly stipulates the problems of farmers' loans, which requires rural financial institutions to follow and other banking financial institutions to follow.

Legal basis: Measures for the Administration of Farmers' Loans

Article 1 These Measures are formulated in accordance with the Banking Supervision Law of the People's Republic of China, the Law of People's Republic of China (PRC) Commercial Bank and other laws and regulations in order to improve the service level of banking financial institutions in supporting agriculture, standardize the business behavior of farmers' loans, strengthen the risk control of farmers' loans and promote the steady development of farmers' loans.

Article 2 The term "farmers' loans" as mentioned in these Measures refers to local and foreign currency loans issued by banking financial institutions to eligible farmers for the purposes of production, operation and daily consumption. The term "farmers" as mentioned in these Measures refers to farmers, state-owned farm workers and rural individual industrial and commercial households who have lived in administrative villages under the jurisdiction of townships and Chengguan towns for a long time.

Article 3 These Measures shall apply to rural financial institutions that provide loans to farmers.

Article 4 The China Banking Regulatory Commission shall supervise and manage farmers' loan business in accordance with these Measures.