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Agricultural Development Bank of China Launches Loan to Support Rice Supply

2020-02-10

 

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The Agricultural Development Bank quickly reviewed the loan of 14 million yuan to support the production of Shengping Rice Company.

 

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The rice industry is speeding up production to ensure the supply of rice.

 

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The rice just produced will be delivered to the market immediately.

 

On February 7, Chenzhou Branch of Agricultural Development Bank of China approved 14 million yuan of grain and oil purchase and sale loan to Hunan Shengping Rice Industry Co., Ltd. through the green channel of epidemic emergency relief, and put 7 million yuan in place on the same day. And the preferential loan interest rate of 100 basis points was reduced by 3.15 percent to ensure the supply and price stability of grain and oil market in special period and provide "timely rain" for epidemic prevention and control.

 
It was understood that during the epidemic, the bank took the initiative to strengthen cooperation with Hunan Shengping Rice Industry Co., Ltd., actively responded to the call of the government, cooperated with banks and enterprises to start production as soon as possible, and lowered the price of rice processed from its own stock to 0.1 yuan / Jin. In order to ensure the full guarantee of enterprise funds, the bank immediately connected with the company and opened up a green credit channel for key epidemic prevention enterprises in accordance with the principle of "special and urgent affairs". Under the premise of compliance, the bank simplified the data and loan process as much as possible, organized business backbones to stick to their posts and work overtime to ensure the timeliness of emergency loan fund supply. Through telephone, voice, video and other online loan methods, the data collection, loan investigation, review and deliberation were completed quickly. It only took 34 hours from communication and docking to successful distribution.

 

It was reported that the loan can input 19000 tons of rice to Chenzhou grain market in a timely manner during the critical period of epidemic prevention and control, and provide the bank's strength for stabilizing grain market prices and ensuring people's livelihood.