让肉牛产业“牛”起来 中国人民银行固原市分行推动肉牛产业“智能融通”

Core Viewpoint - The beef cattle farming industry in Guyuan City, Ningxia, is a key agricultural sector that supports poverty alleviation and rural revitalization, with a projected cattle population of 1.06 million by the end of 2024, accounting for 43.27% of the region's total [1] Financial Support and Policy Measures - The People's Bank of China (PBOC) in Guyuan has implemented targeted financial policies to support the healthy development of the beef cattle industry, including measures to prevent financial institutions from withdrawing loans from farmers and agricultural enterprises [2] - As of the end of August, the balance of loans for the beef cattle industry reached 17.57 billion yuan, with a weighted average interest rate of 4.20% [1][2] - The city has established a mechanism for government and financial institutions to connect with key projects, enhancing the financing capabilities for small and micro enterprises [2] Credit System Development - The PBOC has expanded its credit system by implementing a "credit + loan" model, with 25 credit towns, 445 credit villages, and 130,500 credit users established, resulting in a loan balance of 879 million yuan for new agricultural entities [3] - The Agricultural Bank of China has promoted a model of "integrated village credit" to support cattle farmers, leading to the establishment of credit archives for 1,841 new agricultural entities [3] Innovative Financing Products - The local government has introduced policies to facilitate live cattle collateral loans, enhancing risk management and efficiency in financing [4] - As of now, approximately 5,500 cattle have been registered in the collateral system, with 44 million yuan in live cattle collateral loans issued [4] - Innovative loan products like "Smart Animal Husbandry Loan" have been developed, providing low-cost financing while promoting digital management of livestock [4] Risk Prevention and Coordination - Financial institutions are encouraged to conduct on-site investigations to assess funding needs and monitor loan quality, aiming to prevent potential defaults [6] - A comprehensive financing model combining government support, bank loans, collateral, insurance, and re-loans has been proposed to mitigate credit risks [6] - As of the end of August, 169,300 cattle have been insured, providing risk coverage of 1.645 billion yuan for 10,200 farmers [6]