Xinjiang Branch Of Agricultural Development Bank Of China Provides 5.6 Billion Yuan Loan To Support Cotton Spring Ploughing Preparation

It is learned from Xinjiang branch of agricultural development bank that during spring ploughing season, Xinjiang branch of Agricultural Development Bank of China grabs agricultural time. As of April 4, the bank has put in 5.6 billion yuan loan for cotton spring ploughing preparation.

Since the beginning of the year, the Xinjiang branch of Agricultural Development Bank of China has carried out a comprehensive investigation on the planting area of new cotton and the fund demand for spring ploughing preparation in Xinjiang, and optimized the financing scheme according to the enterprise conditions, and prepared 7.2 billion yuan of credit funds in advance to meet the needs of cotton spring ploughing preparation.

The 5.6 billion yuan credit fund will, on the one hand, support the reserve, purchase and sale of important agricultural materials such as fertilizers and pesticides, and promote the stable production and supply of agricultural materials; on the other hand, it will support the improvement of comprehensive production capacity of cotton fields, comprehensively use credit products such as large-scale land management, high-standard farmland construction, agricultural science and technology, and accelerate the transformation of cotton production from "quantity" to "quality".

Xinjiang branch of Agricultural Development Bank of China speeds up the loan process, provides one-stop service, simplifies the loan process, and effectively improves the work efficiency of the investigation, review, approval and investment of spring plough preparation funds; it actively implements the policy of reducing fees and interests, increases the support for agriculture and supporting small enterprises, does not blindly withdraw loans or cut off loans for difficult small and micro enterprises, and provides financing and intellectual services, so as to effectively reduce the burden of enterprises.