The reporter learned on April 19 that Jiangsu Banking and Insurance Regulatory Bureau recently issued the notice on the key work of comprehensively promoting rural revitalization in banking and insurance services in 2022 (hereinafter referred to as the notice).
The notice proposes to continuously increase credit investment in the field of "agriculture, rural areas and farmers". All banking institutions are required to continue to list agriculture related and inclusive agriculture related credit plans separately. On the basis of maintaining the continuous growth of the balance of agriculture related loans and inclusive agriculture related loans of the same caliber, local legal person banking institutions achieved the assessment goal that the growth rate of the balance of inclusive agriculture related loans was higher than the average growth rate of various loans at the beginning of the year.
The circular requires that we focus on serving the key areas of rural revitalization, give priority to ensuring food security and rural industrial resource investment, constantly strengthen financial support for rural construction, and improve the level of financial services for key groups such as small farmers, new agricultural business entities, urban farmers and people out of poverty. Development banks and policy banks under their jurisdiction should increase medium - and long-term credit investment in the construction of high-standard farmland, the improvement of rural housing conditions, and the improvement of rural living environment. All large banks and joint-stock commercial banks further strengthen product and model innovation, improve network layout, and strengthen credit support for the construction of a modern rural industrial system. All legal person city commercial banks should sink the service focus and scientific and technological empowerment, and all rural small and medium-sized banking institutions should adhere to the positioning of supporting agriculture and small expenditure, so as to provide convenient and efficient financial services for agricultural related subjects and urban farmers. All insurance companies engaged in agricultural insurance business should further promote the full cost insurance of the three main grain crops, fully cover the major grain producing counties, actively carry out corn planting income insurance, and vigorously develop Shenzhen Agricultural Products Group Co.Ltd(000061) insurance with local advantages and characteristics.
The notice points out that it is necessary to further increase the supply of financial resources at the county level, focus on helping and promoting the county's resources to grain producing counties and rich people and strong villages in the province, and ensure the continuous growth of agriculture related loans in grain producing counties. We will continue to maintain full coverage of basic financial services in rural areas. Banking institutions under their jurisdiction should improve the internal operation mechanism of rural revitalization, implement the due diligence and exemption system of agricultural credit, and strive to reduce the real loan interest rate while maintaining credit growth. Insurance companies should continue to improve the service level of underwriting and claim settlement of agricultural and rural insurance in accordance with the principles of "willing to protect", "due compensation", "quick compensation and early compensation".
The notice requires that we should do a good job in financial services and Rural Revitalization. We will continue to further promote the pilot demonstration of banking and insurance services for Rural Revitalization. According to the requirements of the province's action to help enrich people and strengthen villages, strengthen financial support in key areas, effectively do a good job in microfinance for people out of poverty, and expand the coverage of insurance to prevent poverty. We will promote credit enhancement, expansion and quality improvement of farmers' loans, and do a good job in financial services for new citizens. Carry out bank insurance cooperation around rural revitalization and further increase financial support for major agricultural and rural projects in the province.
In recent years, Jiangsu Banking and Insurance Regulatory Bureau has continuously increased the guidance of regulatory policies, urged and guided banking and insurance institutions to serve rural revitalization, and achieved positive results. By the end of December 2021, the balance of agriculture related loans within the jurisdiction was 4.5 trillion yuan, an increase of 14.3% over the beginning of the year; The balance of inclusive agriculture related loans was 733.28 billion yuan, an increase of 28.3% over the beginning of the year, 13.4 percentage points higher than the average growth rate of various loans; In 2021, agricultural insurance provided risk protection of 126.48 billion yuan for 8.142 million secondary farmers.
