China improves policy on guaranteed microcredit loans
According to the circular, more people should be able to apply for guaranteed microcredit borrowers, and the management of interest subsidies should be improved.
Professional training should be linked to guaranteed microcredit loans, so as to encourage people to start businesses, the circular said.
Graduate students who are willing to start businesses in the country's western areas or townships can apply for guaranteed microcredit loans, it said.
The circular also demanded strict supervision and management of guaranteed microcredit loans to laid-off workers.
|People's Daily Online --- http://english.people.com.cn/|