Financial flowing water moistens fertile soil of agriculture, countryside and farmers. The growth rate of agricultural machinery loans in the first quarter ＂leads＂ to help agricultural mechanization

CCTV News:The reporter learned from the State Financial Supervision and Administration that since the beginning of this year, financial institutions have continued to increase the supply of agricultural credit, and the balance of agricultural loans nationwide increased by 13.5% at the end of the first quarter.

The data shows that as of the end of the first quarter, the balance of agricultural loans nationwide totaled 60.19 trillion yuan, a year-on-year increase of 13.5%. Among them, the loan balance of farmland capital construction increased by 29.8% year-on-year, the loan balance of key grain areas increased by 21.46% year-on-year, and the loan balance of agriculture, forestry, animal husbandry and fishery increased by 14.7% year-on-year, which were significantly higher than the growth rates of various loans. It has strongly supported the stable production and supply of grain and important agricultural products, the key core technology research of seed industry, and the construction of high-standard farmland.

Since the beginning of this year, several provincial and municipal supervision bureaus of the State Financial Supervision Administration have also introduced measures to promote financial institutions to increase their support for spring ploughing production. Hebei Supervision Bureau requires increasing credit support for new agricultural business entities; Sichuan Supervision Bureau requires the development of insurance for seed industry, soybeans, oil crops and local advantageous agricultural products; Guangdong Supervision Bureau requires giving priority to ensuring the credit scale of spring ploughing loans, simplifying credit procedures and implementing the policy of reducing fees and making profits.

The data also shows that as of the end of the first quarter, the balance of inclusive agriculture-related loans nationwide was 13.69 trillion yuan, a year-on-year increase of 19.43%. In the first quarter of this year, the average interest rate of new inclusive agriculture-related loans dropped to 5.0%, down 0.56 percentage points from the same period last year.

Leading the growth rate of agricultural machinery loans in the first quarter to help agricultural mechanization

At present, the national spring ploughing has come to an end. The reporter learned in Guangdong, Anhui and other places that agricultural machinery loans have become one of the fastest growing areas of agricultural loans this year, showing that the level of agricultural mechanization in China has continued to improve.

In wengyuan county, Shaoguan City, Guangdong Province, since the beginning of spring ploughing this year, rice transplanters have become the most sought-after talents in various villages, and many skilled rice transplanters are often invited to give lectures in various villages. There are still many young people who have returned to their hometowns to operate various agricultural machinery and agricultural drones.

It is understood that since the spring ploughing this year, the demand for all kinds of agricultural machinery in Guangdong Province, from nursery machinery to tractors, rice transplanters, agricultural drones and so on, has increased significantly, which has driven the rapid growth of related loans.

In Anhui, Liaoning and other places, the increase in loans in the field of agricultural machinery is also very obvious.

The data shows that since the beginning of this year, the balance of agricultural machinery loans of Agricultural Bank of China has increased by more than 50% compared with the beginning of the year, which is one of the fastest growing areas of agricultural loans. The General Administration of Financial Supervision also proposed that this year, credit loans for new agricultural business entities and farmers should be increased to improve the level of rural financial services.