Chinanews, Xinjiang news, October 19 (Wu Guoxun, Li Mei) the author learned from the Xinjiang Rural Credit Cooperatives Federation (hereinafter referred to as the Autonomous Region Association) that as of the end of September, the loan balance of Xinjiang rural credit cooperatives was 389.683 billion yuan, an increase of 34.463 billion yuan or 9.7% over the end of the previous year, of which the balance of agriculture related loans was 204.266 billion yuan, an increase of 20.922 billion yuan over the end of the previous year, The growth rate was 11.41%, 1.71 percentage points higher than the average growth rate of various loans, with a year-on-year increase of 27.91472 billion yuan, an increase of 15.83%.

Since this year, Xinjiang rural credit cooperatives have resolutely implemented the “3 + 1” key tasks of the Party committee of the autonomous region, adhered to the main tone of high-quality development, actively innovated financial products and services according to their own characteristics and advantages, and strive to become the main force serving the “agriculture, rural areas and farmers” and Rural Revitalization Strategy, serving small, medium-sized and micro enterprises and supporting the development of county economy.

Supporting spring farming preparation has always been one of the key tasks of Xinjiang rural credit cooperatives. In this year’s spring farming preparation credit extension, Xinjiang rural credit fully integrates the practical activity of “I do practical things for the masses”, gives priority to the allocation of credit funds and implements preferential policies for farmers’ “urgent difficulties and expectations”, and weaves beautiful spring clothes for the earth. In the whole year, a total of 56.308 billion yuan of loans for spring ploughing preparation were invested, an increase of 7.322 billion yuan over last year. At the same time, they actively performed their social responsibilities and made a total of 240 million yuan of profits for farmers and herdsmen in difficulty.

In order to give full play to the role of serving “agriculture, rural areas and farmers” and the main force of Rural Revitalization Strategy, the association of the autonomous region signed a strategic cooperation agreement with the Department of agriculture and rural development of the autonomous region in March this year to jointly promote rural revitalization. At the same time, the Rural Revitalization Office of the agriculture, rural areas and farmers business department has been added, and a series of relevant policies have been issued to guide 83 banks and cooperatives in Xinjiang to fully support new agricultural business entities, and innovate and launch credit products such as livestock and poultry living mortgage loans and rural revitalization and prosperity loans.

In addition, the associated press of the autonomous region requires the whole system to strictly implement the “four do not pick”, earnestly achieve the “eight invariants”, solidly promote the “eight connections”, continue to strengthen the micro credit supply for the poverty-stricken population, and constantly strengthen the effective connection between consolidating and expanding the achievements of poverty alleviation and Rural Revitalization. By the end of September, Xinjiang rural credit had granted 86600 micro credits to the poverty-stricken population and 2.732 billion yuan, accounting for 86.65% and 86.62% of the financial institutions in the region respectively. The scale of micro credits for the poverty-stricken population remained the first financial institution in Xinjiang for nine consecutive months, making a positive contribution to Xinjiang’s poverty-stricken population’s micro credit work in the forefront of all provinces and regions in China.