This place is different. Take Qinghai as an example

The self-employment fund for college graduates in Qinghai Province (hereinafter referred to as the fund) is a special fund to support the self-employment of college graduates in our province, which is raised by the provincial, state (prefecture, city) and county governments respectively. Mainly through financial allocation and social assistance and other channels to raise funds. The reporter learned from the talent flow development department of Qinghai Provincial Personnel Department that the funds have been put in place.

The provincial, state (prefecture, city) and county governments set up a fund management committee for self-employment of college graduates, which is composed of personnel, finance, education, industry and commerce, banking and other departments, to be responsible for the management of the fund and coordinate and solve the problems in the use of the fund. The Fund Management Committee shall set up an office in the Ministry of Personnel to handle matters such as self-employment loans and loan discount review for college graduates, and loan recovery. The finance department at the same level is responsible for the audit and disbursement.

Application conditions

Graduates who have graduated from ordinary colleges and universities and have local household registration and started their own businesses in the local area, as well as graduates from our province who have graduated from ordinary colleges and universities in other provinces and started their own businesses in the past year and whose household registration has been transferred to the local area, can apply. The fund is mainly used for loans for college graduates to start and lead scientific and technological innovation enterprises, as well as loan interest subsidies for college graduates to start their own businesses. The details are as follows:

(a) within 5 years after graduation, college graduates independently set up and lead enterprises and other economic entities or engage in self-employment (except for industries restricted by the state).

(two) registered in accordance with the law and obtained a business license issued by the administrative department for Industry and commerce, with legal personality and a sound financial management system.

(3) Having the guarantee documents or property certificates provided by the guarantor.

(4) Having a fixed business place.

(5) Abide by the law during school, have good conduct, be honest and trustworthy, and have no record of bad behavior.

Application and approval procedures

For projects that meet the requirements for fund application, the applicant may apply according to the following procedures:

(a) the independent establishment of leading enterprises in science and technology innovation needs the support of fund loans, and the borrower shall fill in the Application Form for Self-employment of College Graduates, and issue the business license to the fund management institution at the same level with the ID card, diploma, business license, project feasibility report and guarantee certificate.

(II) If self-employment needs loan discount support, the lender shall fill in the Application Form for Loan Discount for Self-employment of College Graduates, and apply for discount to the office of the Fund Management Committee of the same level of the industrial and commercial department that issued the business license with the loan application form, ID card, diploma, business license and guarantee certificate, and apply for a loan from the commercial bank after examination and approval. After the loan is approved by the bank, go through the discount formalities at the offices of the fund management committees at all levels.

(3) The offices of fund management committees at all levels are responsible for the investigation and certification of relevant information on loans and loan interest subsidies. For those who meet the requirements, the examination and approval procedures shall be completed within 10 working days; For those who do not meet the requirements, the borrower (lender) shall be informed in time.

(4) The loan interest rate is determined according to the loan interest rate level published by the People's Bank of China. The discount time is calculated according to the time when the handling bank issues the loan. The discount amount shall be truthfully submitted by the handling bank to the office of the Fund Committee that agrees to the discount every quarter, and shall be allocated after being audited by the financial department.