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Agricultural Development Bank of China's 640 million spring ploughing loan for fertilizer supply
Time:2020-04-04   Read:723second  

The reporter learned from the Hubei Branch of the Agricultural Development Bank of China that in order to ensure that all parts of the province do not miss the spring agricultural production, as of March 29, the bank had issued a total of 640 million yuan of loans to support spring cultivation and preparation for cultivation, and about 500000 tons of fertilizer procurement and production.

During the epidemic period, Hankou branch of Agricultural Development Bank of Hubei Province, a leading enterprise in the circulation of agricultural materials, has invested 300 million yuan in agricultural materials loans to the group for the purchase of nearly 200000 tons of chemical fertilizer. "If the price of agricultural materials rises, the economic burden of farmers will increase, and the funds of agricultural development bank play a role in stabilizing the market." The head of the group said.

Hubei sanning Chemical Co., Ltd. financial department said. Sanning chemical industry is a large-scale fertilizer manufacturer in changzhijiang, and the company's raw material procurement funds are relatively tight due to the impact of the epidemic. Nongshibu and others, Agricultural Development Bank of China Zhijiang branch took the initiative to provide door-to-door service. After learning that the enterprise had a capital gap of 200 million yuan, it only spent two working days to fully put it in place. The money can support the production of 250000 tons of chemical fertilizer and press the "fast forward" key for the supply of agricultural materials in the province.
    in recent years, with the orderly recovery of production and living order in various regions, Hubei Branch of Agricultural Development Bank of China (ABC) has played a regulatory role of policy finance in "acting as a guide, making up for shortcomings, and reversing the cycle", increased financial security in key areas such as spring ploughing, poverty alleviation, and enterprise resumption of production. At present, it has approved emergency loans of 11.9 billion yuan and granted loans of 7.3 billion yuan to 177 enterprises through emergency channels Yuan.

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