Xinjiang ensures loans for spring farming

          Source: Xinhua| 2019-03-18 16:42:36|Editor: ZX
          Video PlayerClose

          URUMQI, March 18 (Xinhua) -- Financial institutions in Xinjiang have stepped up extending loans to farmers to support spring farming and the rural economy.

          The People's Bank of China Urumqi Central Sub-branch re-lent 4.68 billion yuan (698 million U.S. dollars) for spring farming to 37 banks, the branch said.

          The bank started re-lending to financial institutions in November last year. It has set up green channels for farmers who need loans and simplified procedures to ensure that credit is in place to help farmers buy equipment as well as seed and fertilizer.

          It has also ordered financial institutions to respond effectively to the needs for finance from impoverished families.

          Siraili Mamatjam, a villager in the Yokaketam Village in the Kazakh Autonomous Prefecture of Ili, received a 10,000 yuan interest-free loan from a local bank.

          He expanded his fields this spring and was in need of the money to buy corn seeds, fertilizers and rent equipment, all of which are vital to his farm operations.

          By the end of February 2019, the balance of agricultural loans in Xinjiang was 721.04 billion yuan (107 billion dollars), 5.06 billion yuan more than at the beginning of the year.

          From early November 2018 to the end of February this year, Xinjiang rural credit cooperatives, a major lender, extended 38.7 billion yuan of loans to farmers, an increase of 3.09 billion yuan year-on-year.

          Xinjiang Uygur Autonomous Region is a main grain and cotton base. Its cotton output was over 83.8 percent of the national total in 2018.

          TOP STORIES
          EDITOR’S CHOICE
          MOST VIEWED
          EXPLORE XINHUANET
          010020070750000000000000011100001379047461
          无码人妻一区二区三区四区av_亚洲精品911在线永久观看_精品一区二区国产在线观看_日韩不卡一区二区视频在线

                  亚洲午夜精品国产自 | 在线播放国产精品三级 | 亚洲有码在线播放 | 揄拍视揄拍在线视频菠萝 | 一区二区欧美日韩 | 亚洲精品另类在线观看 |