China News Service, Nanchang, March 30 (Reporter Li Yunhan) As of the end of February this year, the cumulative amount of entrepreneurial guaranteed loans in Jiangxi Province exceeded 300 billion yuan for the first time in the country, reaching 304.1 billion yuan. Behind these numbers, 1.87 million entrepreneurs got their first pot of gold, which also created 8.22 million jobs.
From its beginning in 2002 to breaking through the 300 billion yuan mark in the spring of 2026, how did a series of entrepreneurial guaranteed loans flow into the urban and rural corners of the land of Gansu and Po, allowing the seeds of entrepreneurship to take root and the branches and leaves of employment to flourish?
Precise financial drip irrigation, targeting key groups
The core logic of entrepreneurial guaranteed loans is "you start a business, and I will subsidize the interest." But how can we maximize the leverage of limited financial funds and accurately benefit the people who need it most? Jiangxi’s answer is: focus on people’s livelihood and make targeted efforts.
It is understood that the Jiangxi Provincial Party Committee and the Provincial Government have included this work in people's livelihood practical projects for 20 consecutive years, focusing on six key groups such as people with employment difficulties, college graduates, migrant workers who have returned to their hometowns to start businesses, people who have been lifted out of poverty, fishermen who have retired from fishing, and retired military personnel. The effect of this "precision drip irrigation" was particularly significant during the "14th Five-Year Plan" period: Jiangxi supported 238,100 people in six key groups and issued loans of 41.948 billion yuan, which was 2.85 times that during the "13th Five-Year Plan" period.
On March 7, the 2026 Jiangxi Province Women's Special Job Fair and Nanchang City's "Spring Breeze Action" Employment Assistance Women's Job Fair were held in Nanchang, Jiangxi. Photo by Liu Lixin
Huang Wangyan, director of the Financial Supervision Division of the Jiangxi Provincial Department of Finance, said that during the "14th Five-Year Plan" period, the central finance allocated Jiangxi a total of 3.16 billion yuan in interest subsidies and subsidies, of which it exceeded 1 billion yuan for the first time in 2025; the provincial finance allocated a total of 1.39 billion yuan; the city and county finances cumulatively supplemented the guarantee fund with a total of 350 million yuan.
The guarantee of fiscal funds is the key to the implementation of policies, and it is this multi-level fund guarantee system of "central subsidy, provincial investment, and city and county follow-up" that is building a solid "fund pool" for entrepreneurs.
It is worth mentioning that the stable entrepreneurial subsidy policy launched by Jiangxi in 2024 has reduced the cost of starting a business for 43,700 entrepreneurs through the method of "enjoyment without application and direct subsidy from the system". This proactive service model of "finding people based on policies" allows financial funds to truly "drip" into the hearts of entrepreneurs.
Finance takes multiple measures to solve difficulties and clear blockages
The biggest headaches for entrepreneurs are often "difficulty in getting a first loan" and "difficulty in guaranteeing". Faced with this pain point, the Jiangxi Branch of the People's Bank of China and financial institutions have launched a "combination punch" to make financial "live water" not only "flow", but also "flow smoothly."
According to Lin Hai, director of the Credit Policy Management Department of the Jiangxi Branch of the People's Bank of China, the bank has set up a separate re-loan quota to support agriculture and small businesses, which will be used as a priority to encourage local corporate banking institutions to increase lending in the field of entrepreneurship and employment. At present, a total of 15 national banks in the province have opened business guaranteed loans in Gansu branches and 6 local corporate banks, achieving full coverage of institutional types.
On February 24, the 2026 Spring Breeze Action and Employment Assistance Season Employment Recruitment Conference was held in Ganzhou City, Jiangxi Province. Photo by Liu Lixin
In order to solve the problem of "guarantee difficulty", Jiangxi has explored and constructed a market credit guarantee reform model in which "government + bank + financial guarantee" three parties share risks. In 2023, Jiangxi Province took the lead in launching a pilot reform of loans for small and micro enterprises founded by high-level (high-skilled) talents, increasing the guarantee-free limit from 1 million yuan to 2 million yuan; in 2024, Xinyu and Ganzhou included personal loans in the scope of the reform pilot; in 2025, it was extended to the entire province. Through this model, nearly 600 unsecured and unsecured entrepreneurs have been helped to meet their financing needs.
In addition, various regions in Jiangxi also launch special products based on local conditions. For example: Jingdezhen City has tailor-made "Jingpiao Loan" for foreign entrepreneurs; Yujiang District of Yingtan City has launched "Yukuai Loan" to help entrepreneurs in the preparatory period take the "first step" in opening their business; Jiujiang City, Xinyu City, and Shangrao City have respectively focused on special industry chain products such as "Refining and Chemical Loan", "Mizu Loan" and "Photovoltaic Loan" to deeply bind financial flows with local industries.
Improved service quality and efficiency, and digital empowerment is convenient and accessible
How to enable entrepreneurs to "go into battle with ease" will test service efficiency. Jiangxi relies on the 5+2 Employment Home service platform to promote service quality and efficiency through digital transformation, allowing "more data to travel and less people to travel."
In terms of simplifying procedures, the Jiangxi Human Resources and Social Security Department has connected key data from public security, civil affairs, market supervision and other departments to achieve "one-certificate processing" for personal loans, and the number of application materials for small and micro enterprises has been reduced from 7 to 2. In terms of shortening the time, the collective approval system of the loan review committee has been canceled for personal loans below 300,000 yuan, and the two-level approval system has been fully implemented. The average processing time of a single business has been reduced from 15 days in 2020 to 10 days in 2025. In terms of handheld processing, through the 5+2 Employment Home service platform, integrated services such as policy inquiry, business processing, and progress tracking are realized.
On February 24, the 2026 Spring Breeze Action and Employment Assistance Season Employment Recruitment Conference was held in Ganzhou City, Jiangxi Province. Photo by China News Service reporter Liu Lixin
"Through a series of measures, the human resources and social security departments at all levels have continuously improved the quality and efficiency of services, making social services more powerful and warm, and have won the recognition and praise of entrepreneurs." Guo Jinliang, director of the Jiangxi Provincial Employment and Entrepreneurship Service Center, said that the Jiangxi human resources and social security departments actively promote data sharing, simplify processing procedures, expand processing channels, and provide entrepreneurs with efficient, convenient and transparent entrepreneurial guaranteed loan processing services.
This year, Jiangxi will also launch three new service measures: gradually canceling the loan renewal procedures, personal loans can be repaid in three years before the principal is repaid, and small and micro enterprise loans can be repaid in two years; adding a mobile application channel for small and micro enterprise loans; and proactively pushing policies and application portals to newly registered market entities by sharing data from market supervision departments. This means that entrepreneurs can enjoy full-process services from policy information to loan application without leaving home. (over)
