The special funds for SME development focus on small and micro enterprises

Abstract The reporter learned from the Ministry of Finance on the 13th that the revised Measures for the Administration of Special Funds for SME Development has been released recently. In the future, special funds will be tilted towards small and micro enterprises and the central and western regions. The Ministry of Finance and the Ministry of Industry and Information Technology jointly released the revised "...

The reporter learned from the Ministry of Finance on the 13th that the revised Measures for the Administration of Special Funds for SME Development has been released recently. In the future, the special funds will focus on small and micro enterprises and the central and western regions.

The Ministry of Finance and the Ministry of Industry and Information Technology jointly issued the revised Measures for the Administration of Special Funds for SME Development, which was implemented from the date of issuance. The Interim Measures for the Administration of Special Funds for SME Development issued in 2008 were simultaneously abolished. .
Compared with the current interim measures, a major change in the revised management method is that the types of enterprises supported from the original medium-sized enterprises and small enterprises have changed into three categories: medium-sized, small-scale and micro-enterprises, which means that the ability to resist risks is higher. The poor micro-enterprises will become the focus of special fund support.
The two departments have made clear that the special funds for SME development are arranged by the central budget, which is mainly used to support the technological progress, structural adjustment, transformation of development methods, expansion of employment, and improvement of the service environment for small and medium-sized enterprises, especially small and micro enterprises.
At the same time, the two departments emphasized that the use and management of special funds should conform to the national macro-policy, industrial policies and regional development policies, and should be inclined to the central and western regions, following the principles of openness, transparency, targeted use, scientific management, and strengthening supervision to strengthen the society. Guide the funds, expand the policy to benefit, and ensure that the funds are used in a standardized, safe and efficient manner.
Different from the previous allocation of funds according to the project law, the revised management method is clear. In the future, the special funds for the development of small and medium-sized enterprises will be allocated according to the factor method, and the local governments will arrange and use them according to the budgetary indicators issued by the central government.
According to the management method, the special funds are supported by free grants and loan interest subsidies. Each enterprise or unit can only choose one of the support methods. In the same year, each project unit can only apply for one project, and has obtained projects supported by the central financial funds through other channels. The special funds will not be repeatedly supported.
The two departments have clearly defined the amount of special funds to be subsidized without compensation, and each project generally does not exceed 2 million yuan. The amount of special fund loan interest discount is determined according to the project loan amount and the benchmark loan interest rate announced by the People's Bank of China. Each project generally does not exceed 2 million yuan. The maximum amount of support for improving the service environment of small and medium-sized enterprises, especially small and micro enterprises, is no more than 4 million yuan.

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