General Office of the State Council: Expand the scope of loan support for special projects

On July 9th, the General Office of the State Council issued the "Notice on Further Increasing the Support for Employment Stabilization Policies". The "Notice" makes it clear that enterprises are supported to stabilize employment positions. Expand the scope of loan support for special projects to stabilize jobs and expand jobs, deepen cooperation between government and banks, optimize business processes, and further improve the convenience of loans. Increase the proportion of unemployment insurance return for relevant enterprises. The proportion of return for small, medium and micro enterprises will be raised from no more than 60% of the actual unemployment insurance premiums paid by the enterprise and its employees in the previous year to no more than 90%, and the proportion of return for large enterprises will be raised from no more than 30% to no more than 50%. If the relevant enterprises have real difficulties in production and operation, they can apply for phased deferred payment of pension insurance, unemployment insurance, and work-related injury insurance unit contributions according to regulations.