Shandong'S Self Starting Business Enjoys Interest Free Loans.

The Ministry of finance has officially approved Shandong to enjoy small guarantees in central and western provinces.

It is understood that the implementation of this preferential policy will effectively promote the in-depth development of small secured loans.

The policy first defined the scope of small secured loan applicants and the scope of small loan guarantee projects.

The policy stipulates that all registered unemployed persons, retired military personnel, land expropriated farmers, disabled persons, military dependents, college graduates, and migrant workers returning home to seek employment, start their own businesses and obtain employment abroad can apply for small secured loans.

In addition to the State restricted industries, business, services, production and processing, seed farming and other types of business projects can be regarded as micro credit loan small profit projects, which are included in the scope of financial discount.

With regard to the amount of small secured loans, the policy stipulates that the maximum amount of small guaranteed loans issued by financial institutions to individuals is 50 thousand yuan. The maximum amount of new personal loans guaranteed for urban and rural women who meet the requirements of the current small secured loan applicants is 80 thousand yuan, and the eligible women can be raised to 100 thousand yuan by the maximum amount of loans per person.

Regarding the scope of financial discount for small secured loans, policies and regulations