Forty-four small and medium-sized enterprises (SMEs) in Changning district recently received funds from the first distribution of the "Changning enterprise loan" interest and fee subsidy policy, which does not require recipients to apply before receiving their subsidies.

The "Changning enterprise loan" policy offers financial assistance through government guarantees, bank loans, and policy support, further enhanced by interest and fee subsidies.

The district's finance bureau has implemented the policy using a "no-application-needed" approach for fund distribution. Previously, enterprises could face delays due to application and material submission processes. Now, using an intelligent information platform for smart screening, the bureau precisely matches eligible enterprises and distributes funds, simplifying the process and improving efficiency. To date, 44 enterprises have received a total of 2.18 million yuan ($302,340.77) in subsidies.

Since 2021, the district's finance bureau has allocated 20 million yuan annually for risk compensation and interest and fee subsidy funds, ensuring the policy's effective implementation. This initiative has helped SMEs secure 5.56 billion yuan in guaranteed loans, supporting the development of over 500 enterprises.

Looking ahead, the district's finance bureau is committed to offering one-on-one professional services and expanding the "no-application-needed" list to include more eligible enterprises, ensuring the comprehensive implementation of business-friendly policies.

Source: Official WeChat account of Changning district information office at "shchangning"