Anhui Improves The Policy Of Small Loans For Unemployed Persons

In order to speed up the re employment of laid-off workers, the labor and Social Security Department of Anhui province has improved the policy of small loans recently, lowering the threshold for loans to unemployed entrepreneurs, and lending to enterprises that employ more unemployed people.

The adjusted small loan policy will increase the credit limit of labor-intensive enterprises with a maximum loan of 1 million yuan.

The new labor intensive small business which has recruited laid-off workers to reach over 30% of the total number of employees and has signed over one year labor contract with laid-off workers can enjoy this policy.

The policy also stipulates that unemployed people start their own businesses can reduce the threshold of loans, and cancel the counter guarantee for laid-off workers with certain conditions.

In addition, based on the implementation of risk prevention and control, we should promote the small and medium credit loans and joint guarantee loans for laid-off workers, and provide financial support for them to start their own businesses.