Economy

The State Administration of Financial Regulation has issued a document deploying financial support for the comprehensive revitalization of rural areas in 2026

2026-04-09   

On April 8th, the State Administration of Financial Supervision and Administration issued a notice clarifying that in 2026, Agricultural Development Bank and large and medium-sized commercial banks will continue to separately list agricultural credit plans, striving to achieve the goal of sustained growth in the balance of agricultural loans of the same caliber compared to the beginning of the year. The Notice on Doing a Good Job in Financial Support for the Comprehensive Revitalization of Rural Areas in 2026 clarifies that in 2026, large and medium-sized banks will be guided to actively develop agricultural industry chain finance, expand first loan accounts, promote the improvement of rural small and medium-sized banks' ability to support agriculture and small businesses through reform, reasonably determine internal preferential policies for inclusive agricultural loans, and resolutely prevent and correct "involution" competitive behavior. Notification requirements: Optimize agricultural credit products and services, provide more suitable credit products based on the characteristics of agriculture, rural areas, and farmers, and increase support for loan extension and renewal for agricultural enterprises and farmers in accordance with laws and regulations. Strengthen insurance protection for rice, wheat, corn, and soybeans, and develop insurance for local advantageous and characteristic agricultural products according to local conditions. Give full play to the role of agricultural insurance in disaster prevention and reduction. Data shows that as of the end of February 2026, the balance of inclusive agricultural loans in China was 14.52 trillion yuan, a year-on-year increase of 10.34%; In the first two months of 2026, the average interest rate of newly issued inclusive agricultural loans was 4.05%, a year-on-year decrease of 0.46 percentage points. From January to February, agricultural insurance provided risk protection of 0.9 trillion yuan to 21 million households, effectively supporting agricultural production. (New Society)

Edit:He Chuanning Responsible editor:Su Suiyue

Source:Xinhua

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