In order to support college students' entrepreneurship, Xi issued the Measures for the Implementation of Xi College Students' Entrepreneurship Loan. According to this method, eligible college students can apply for a venture loan of up to 6,543,800 yuan. Venture loans are used for production and operation, technology research and development, and the longest loan period is 5 years. The specific loan interest rate is determined according to the loan amount, loan term, mortgage guarantee and other factors. To apply for a business start-up loan for Xi college students, the following conditions must be met: 1. Not more than 35 years old; 2. Have the willingness to start a business and be confirmed by relevant departments at or above the municipal level; 3. It has obtained valid licenses such as business license or industrial and commercial registration certificate of enterprise legal person or individual industrial and commercial households, and carried out normal production and business activities; 4. Establish and improve the loan risk prevention mechanism and financial management system. Applicants need to submit application materials to local financial institutions, such as personal identity cards, business plans, instructions for the use of funds, business licenses, etc. , and participate in relevant training, review and evaluation.
What are the repayment methods of venture loans? The repayment methods of venture loans generally include equal principal and interest repayment, interest first and principal repayment, etc. Matching principal and interest repayment means that the borrower repays matching principal and interest every month; Paying interest first means paying interest but not the principal in the first few months of the loan term, and paying the principal later. The specific repayment method depends on the bank and the loan contract.
The launch of Xi college students' entrepreneurship loan will effectively promote the development of college students' innovation and entrepreneurship activities. Applicants should carefully read the relevant measures, understand the application conditions and procedures, do scientific business, operate steadily, improve the ability to repay loans, and create more value for themselves and society.
Legal basis:
Article 6 of the Measures for the Implementation of Xi College Students' Entrepreneurship Loans The maximum amount of college students' entrepreneurship loans shall not exceed RMB 6,543,800 yuan in principle.