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Debut of Industrial Chain Poverty Alleviation Model in Inner Mongolia
PICC unverlled the “Inner Mongolia Holmer Sugar Industry Co., Ltd. --Industrial Chain Poverty Alleviation Financing Program” in the Horqin Right Front Banner of Hinggan League, with a credit line of RMB100 million. The program was the first to introduce the industrial chain poverty alleviation financing model. In this model, the government department and the leading enterprise are jointly responsible for customer recommendation and serve as the joint provider of credit enhancement, the guarantee company undertakes the guarantee responsibility in proportion, and the Company provides the corresponding insurance products for risk coverage and payment of San Nongsupporting financing. Thus, an integrated financing solution with clear division of rights and obligations among the four parties concerned is available to support the production of major growers and cooperatives.