It was learned from the Xinjiang Branch of the Agricultural Development Bank that during the spring plowing season, the Xinjiang Branch of the Agricultural Development Bank rushed to catch up with the farmers. As of April 4, the bank had issued 5.6 billion yuan of loans for preparing cotton for spring plowing.
The Xinjiang Branch of the Agricultural Development Bank began a comprehensive survey of Xinjiang’s new cotton planting area and capital needs for spring ploughing since the beginning of the year, optimized financing plans based on corporate conditions, and prepared 7.2 billion yuan in credit funds in advance to meet the needs of cotton spring ploughing.
The investment of 5.6 billion yuan of credit funds on the one hand supports the reserve, purchase and sale of important agricultural materials such as fertilizers and pesticides, and promotes stable production and supply of agricultural materials; on the other hand, supports the improvement of the comprehensive production capacity of cotton fields, comprehensive use of land for large-scale operation and high-standard farmland construction , Agricultural science and technology and other credit products, accelerate the transformation of cotton production from seeking "quantity" to seeking "quality".
The Xinjiang branch of the Agricultural Development Bank has accelerated the progress of loan application, provided one-stop services, simplified the loan application process, and effectively improved the efficiency of all aspects of spring ploughing fund investigation, review, approval, and placement; actively implemented the policy of reducing fees and concessions and increasing support for agriculture Make small efforts, not blindly draw or stop loans to small and micro enterprises in difficulty, and provide financing and intelligence services to effectively reduce the burden on enterprises.
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