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Shandong issues 19.779 bln yuan of start-up guaranteed loans in 1st three quarters

2020/11/5 15:38:47   source:sdchina.com

In the first three quarters of this year, Shandong province issued a total of 109,300 start-up guaranteed loans, an increase of 69.5% over the same period last year, bringing the total amount to 19.779 billion yuan, an increase of 102.1% over the same period last year, both hitting new highs.

Of this amount, 108,000 loans, or 16.799 billion yuan, were distributed to individual groups such as rural self-employed farmers and registered unemployed people in cities and towns, and 1,315 loans, or 2.98 billion yuan, were distributed to small and micro businesses. The policy provided direct support to 101,000 businesses, which helped create 242,000 jobs.

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Sponsor:Information Office of Shandong Provincial People’s Government