Jing Ji Ri Bao·2025-05-25 21:48Core Viewpoint - The Ministry of Human Resources and Social Security has issued a notice to enhance the special loan policy for stabilizing and expanding employment, focusing on lowering application thresholds, expanding the range of eligible entities, increasing credit limits, reducing interest rates, and innovating loan models to support small and micro enterprises and stabilize job positions [1][2]. Group 1: Loan Policy Enhancements - The special loan for stabilizing and expanding employment was established in 2022, with over 64 billion yuan disbursed to 80,000 small and micro enterprises, helping to stabilize and expand 5.3 million jobs [1]. - The updated policy relaxes the application criteria from maintaining employment numbers to allowing a reduction in employment levels below the previous year's urban unemployment rate control target [1][2]. Group 2: Credit Limit and Interest Rate Adjustments - The maximum credit limit for small and micro enterprises has been increased from 30 million yuan to 50 million yuan, while individual applicants can now apply for up to 10 million yuan [2]. - The interest rates for loans are set to a maximum of 4% and a minimum of 2.9%, which is expected to lower financing costs for enterprises [2]. Group 3: Application Process and Support - Eligible enterprises or individuals can apply for loans through local branches of the Bank of China, with local human resources departments assisting in verifying the operational status of the entities [2]. - Local human resources departments will also create a recommended list of enterprises for the special loan, and there will be efforts to expand the range of cooperating banks and explore digital loan products [2]. Group 4: Innovative Loan Models - The policy introduces a combined loan approach, allowing applicants to merge "entrepreneurial guarantee loans" with special employment stabilization loans to meet financing needs that exceed the loan limits [3]. - This combination aims to enhance the convenience of obtaining loans by streamlining the application process and reducing the time required for approval [3].