First, lower the entry threshold for micro-financial institutions and establish a multi-level micro-financial service system. Only when there are more financial institutions serving small and micro enterprises and market competition is strengthened can the operating efficiency of small and micro financial institutions be improved and the operating costs be reduced.
Two, tax relief for small loan companies, reduce their operating costs. At present, small loan companies still apply the tax policies of general industrial and commercial enterprises, and the tax burden is not light. If the state can introduce corresponding tax relief policies to reduce the tax burden of small loan companies, and then encourage small loan companies to reduce the loan interest rate for small and micro enterprises, it will be beneficial to the development of small and micro enterprises.
Three, the use of financial funds to provide discount support for microfinance companies, reduce the financing costs of microfinance institutions. For those small and micro enterprises that support the national key industry catalogue, as well as small and micro enterprises in rural areas and small loan companies of farmers, the government should give certain financing support, and give financial discounts to small loan companies to raise funds from commercial banks to reduce their financing costs.
Four, the establishment of a special "supporting agriculture and supporting small" wholesale fund, targeted support for small loan companies to serve small and micro, agriculture, rural areas and farmers. The central bank already has the refinancing business of "supporting agriculture", but it is only open to formal financial institutions. It is suggested that the central bank relax the scope of access, emphasize the nature of business and ignore the nature of institutions. As long as small loan companies really "support agriculture", they can apply for refinancing support. State finance and large financial institutions can also cooperate to establish small and micro loan wholesale funds, issue financial bonds to banks, and provide wholesale financial support for small loan companies that "support agriculture and support small businesses".
Small and micro enterprises are not only the main channel to provide new jobs, but also an important foundation for social stability. To reduce the financing cost of small and micro enterprises from the source, we should not only make efforts to increase the supply of banks, but also increase the support for microfinance companies.