Zhejiang Provincial Human Resources and Social Security Department interprets entrepreneurial guarantee lending policy: after compensation, it should in principle be recovered
Zhejiang Provincial Human Resources and Social Security Department interprets entrepreneurial guarantee lending policy: after compensation, it should in principle be recovered

Zhejiang Provincial Human Resources and Social Security Department interprets entrepreneurial guarantee lending policy: after compensation, it should in principle be recovered

Updated 14 minutes ago (GMT + 8)
· EqualOcean

Zhejiang Provincial Department of Human Resources and Social Security issued an interpretation of the Entrepreneurship Guarantee Loan Policy, which said that if the loan can not be repaid due to failure in entrepreneurship, the loan guaranteed by the Entrepreneurship Guarantee Fund set up by the government is defaulted and if the loan is less than 100,000 yuan, it must be fully compensated by the Entrepreneurship Guarantee Fund; If the loan is more than 100,000 yuan but less than 500,000 yuan, 80% must be compensated by the Entrepreneurship Guarantee Fund. At the same time, the implementation measures also clarify the recovery and depreciation mechanism. Recovery shall in principle take place after compensation, but those who are unable to repay will be written off from the venture guarantee fund after approval in accordance with the specified procedures.

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