Guangdong loan program aids 1.58 million women

According to a statement released by the Guangdong Women's Federation, the women's entrepreneurship small - guarantee loan subsidy program in Guangdong Province has directly benefited 158,000 women and indirectly helped 1.58 million women start businesses and find employment over 15 years. The details are as followsroject overview: Approved by the Guangdong Provincial Government in 2011, the project is aimed at women with a local household registration in Guangdong, who are under 60 years old, in good health, honest and trustworthy, and have certain labor skills and entrepreneurial capabilities. It gives priority to those who are rich - leading figures, college graduates, migrant workers returning to their hometowns to start businesses, and women with entrepreneurial intentions and abilities among online merchants, especially those involved in the "Cantonese Cuisine Master", "Guangdong Skilled Workers", and "Nanyue Domestic Workers" programs.Loan policy: The provincial finance department provides interest subsidies for the entrepreneurial loans of eligible women for production and operation. The loan term is generally 1 - 2 years. The maximum single - household loan limit for women is 100,000 yuan. Each prefecture - level city can recommend 5 - 10 female leaders of women's farmer cooperatives, women's demonstration bases (leading enterprises), family farms, and female professional large - scale households with demonstration and leading roles every year, and they can get a loan of up to 300,000 yuan.Funds invested: Since 2011, the provincial finance has allocated a total of 179.94 million yuan in special funds to implement 5 phases of the project, of which 30.94 million yuan was for the 5th phase.Project results: The project has promoted the issuance of 15.9 billion yuan in women's small - guarantee loans in the province, helping many women entrepreneurs overcome difficulties. For example, Yang Mei from Maoming has expanded her seafood business across the country, Yan Xiaocan's e - commerce business has grown, Song Daoyu's cooperative in Shaoguan has doubled its processing capacity, and Xiao Huolian from Yunfu has extended the processing chain of nuts, increasing the profit per ton by 8,000 yuan. At present, the project is planning to set up the 6th phase.