The Agricultural Development Bank Requires To Do A Good Job In The Cotton Purchase Credit For The Next Year.

A few days ago, the head office of Agricultural Development Bank issued the "acquisition of cotton for the next year".

It is reported that 2011 cotton year, cotton credit work in an orderly manner, capital supply management in good condition.

As of December 20th, the Agricultural Development Bank issued a total of 2011 yuan of cotton national reserve loans, 24 billion 682 million yuan, supporting the purchase and storage of 1 million 708 thousand and 200 tons of lint; the total issuance of cotton purchase loans 62 billion 467 million yuan, supporting the acquisition of 3 million 24 thousand and 600 tons of lint.

Owing to a sharp reduction in the number of other market access funds, the bank loan has become a new form of loan.

The notice pointed out that along with the arrival of the Spring Festival, some cotton producers in the main producing areas will be listed on the market. The banks at all levels must strictly follow the established cotton credit policy, do a good job in the cotton purchase and credit work over the next year, ensure the continuous supply of funds during the festival, ensure the cotton purchase and purchase go smoothly, and ensure that cotton farmers get the cotton sales in good time.

The circular requires all levels of banks to pay close attention to the progress of acquisition and processing of enterprises within the jurisdiction, and to monitor the storage and storage of enterprises in real time, and to make sure that the cotton that meets the quality of delivery and storage will be delivered in time at the end of 2012 at the end of 3.