Industry | Ministry of Finance introduced three major policies to help small, medium and micro enterprises tide over difficulties

The pace of resumption of work and production has accelerated in various places in the past, but some small, medium and micro enterprises are facing funding difficulties.
On March 3, at a press conference on the Joint Prevention and Control Mechanism of the State Council, Fu Jinling, Director of the Department of Social Security of the Ministry of Finance, stated that in accordance with the decisions and arrangements of the Party Central Committee and the State Council, the Ministry of Finance and relevant departments have issued a series of fiscal and taxation policies to support Enterprises, especially small, medium and micro enterprises, will resume work and production as soon as possible.
These policies can be broadly summarized into three points: First, let enterprises pay less.
In addition to implementing the tax reduction and exemption policy, the Ministry of Finance has recently introduced a social insurance premium reduction and exemption policy to reduce the burden on enterprises, especially small and medium-sized enterprises.
After the implementation of the three social insurance premiums for old-age, unemployment, and work-related injuries, it is expected to be available in 2020.
Reduce the burden on enterprises by more than 510 billion yuan.
At the same time, it also instructs local governments to reduce the payment of some employees' medical insurance units while ensuring the long-term sustainability of the medical insurance fund, which can reduce the burden on enterprises by about 150 billion.
Coupled with the implementation of the policy last year that we reduced corporate pension insurance unit contributions from 20% to 16%, the annual reduction of social insurance premiums alone will reduce the burden on enterprises by more than 1 trillion yuan.
Second, let the government make more money.
During the epidemic prevention and control period, the policy standards for the unemployment insurance stabilization return for small, medium and micro enterprises have been generally relaxed, and the unemployment insurance stabilization return has been increased.
At the same time, the Ministry of Finance has also increased its support for vocational training subsidies, and actively promoted the development of online vocational skills training.
During the epidemic prevention and control period, some small, medium and micro enterprises carried out offline or online training during the shutdown period and recovery period.
Included in the scope of subsidies.
Third, let the financing cost drop a little bit more.
Increasing the scale of discount funds, increasing support for financial discounts on special loans for key enterprises, and discounting 50% of the actual loan interest rate for enterprises, so as to ensure that the actual financing cost of these enterprises is not higher than 1.
6%.
According to the information from the People's Bank of China, the actual financing costs of companies that have already taken out loans are even lower.
Fu Jinling said that he believes that the implementation of these policies will effectively help enterprises, especially small, medium and micro enterprises, to tide over difficulties and resume work and production as soon as possible.