CCTV News: The reporter learned from the Ministry of Veterans Affairs that the State Administration for Financial Supervision and the Ministry of Veterans Affairs recently jointly issued a new policy to carry out entrepreneurship loans for veterans, further improve the quality and efficiency of financial services for veterans, and strongly support veterans' entrepreneurship and innovation.
The support targets of this retired military entrepreneurship loan include retired military personnel who start individual businesses, retired military individual business households, small and medium-sized enterprises founded by retired military personnel, and farmers' professional cooperatives.
Bank institutions should reasonably determine the loan amount and term based on the actual situation of the support objects and the use needs, and advocate the implementation of one-time credit, borrowing and repaying, and recycling within three years. At the same time, we will make full use of information such as military merit and honors obtained by retired soldiers, give priority to customer access, loan amount and term, continuously optimize credit processes, and improve approval efficiency.
At the same time, banks should also open a green channel for entrepreneurship loans for retired military personnel, shorten the approval time, and improve service efficiency. The state encourages banking institutions to develop exclusive credit products that support retired soldiers' entrepreneurship, and strive to meet the financing needs of support recipients.
In addition, the two departments have made it clear that the loan funds can only be used to support the target's own production and operation, and shall not be used for non-productive expenditures such as house purchase, investment, and financial management, and shall not be used for other purposes.
As of now, Jiangsu, Henan, Anhui and other places have successfully issued the first batch of retired military entrepreneurial loans.
