Recently, Nanning Branch of Agricultural Development Bank of China (hereinafter referred to as the bank) issued the first loan of 21.78 million yuan for summer grain purchase to Mengdong (Guangxi) Grain Reserve in Hengxian County, supporting the purchase of 9 million kilograms of ordinary early indica-type rice.
It is reported that the bank organized credit personnel to study the spirit of the documents on summer grain purchase issued by the head office and Guangxi Branch, learn about the production and market trend of summer grain in Nanning, do a good job in the work of summer grain purchase, and implement the grain and oil credit policy from the aspects of “maintaining market shares, supporting main entities to purchase in the market, and improving the recognition rate of loans for poverty alleviation”, and actively raised 139 million yuan of loan to support grain enterprises to purchase 53.5 million kilograms of grain.