Laid-Off Workers, Small Loans Secured 800 Million Yuan

Small secured loans, known as laid-off workers and re employed "timely rain", have been widely developed in various commercial banks, agricultural cooperative banks and urban and rural credit cooperatives throughout the country.

By the end of last year, the balance of small secured loans for laid-off and unemployed workers was 736 million yuan. In the year, 806 million yuan of microcredit has been issued. It has become an important way to solve the problem of employment and re employment.

This is introduced by Wu Xiaoling, vice governor of the people's Bank of China, at the China Employment forum held here.

Wu Xiaoling said that in order to expand employment opportunities, the Chinese government has issued a series of policies and measures to solve the employment problem through marketization.

The issuance of commercial small secured loans is an important one.

It is understood that, given that single credit support does not fully meet the demand for re employment of laid off workers, the next step will be to take measures to integrate entrepreneurship training with microfinance.

At present, the people's Bank of China is working with the Ministry of labor and social security to focus on 100 "entrepreneurial training pilot cities" and "entrepreneurship training + microfinance" re employment mode, and gradually popularize this model to the whole country.