Agricultural Development Bank Bazhou Branch granted a 100 million yuan poverty alleviation loan to Bazhou Taichang Pulp

Bazhou is one of the major cotton-producing regions in Xinjiang, and its cotton spinning production capacity has accounted for 1/4 of Xinjiang. In recent years, the business department of the Bazhou branch of the Agricultural Development Bank has focused on the focus of industrial development in the autonomous prefecture, and has increased credit support for the cotton spinning industry to drive the poor out of poverty and employment for people of all ethnic groups, and promote social harmony, stability, and long-term stability. Bazhou Taichang Pulp Co., Ltd. is a subsidiary of Xinjiang Zhongtai Group. It is a raw material production base supporting the key investment project '10 Million Spindle Textile City' in the autonomous prefecture. It provides high-quality fiber and cellulose products for Xinjiang and domestic and foreign enterprises throughout the year. Pulp products. In May 2020, the business department of the Bazhou branch of the Agricultural Development Bank granted a credit of 100 million yuan to the company for a poverty alleviation loan. At present, sufficient funds have been put in place to support enterprises' purchase of raw materials and production and operation liquidity requirements, and help enterprises to speed up production.　　 The poverty alleviation loan not only solves the problem of insufficient liquidity of Bazhou Taichang Pulp Co., Ltd., and meets the needs of its normal production and operation turnover, but also benefits the enterprise through the interest rate of the poverty alleviation loan and reduces the financing cost of the enterprise. At the same time, after enjoying the poverty alleviation loan, Bazhou Taichang Pulp Co., Ltd. will provide more than 500 surplus laborers with stable jobs, and also sign employment contracts with 10 poor people. Through employment assistance, it is expected to help every employee The annual income is increased by 30,000 yuan, and it will make precise efforts to resolutely win the fight against poverty. Article keywords: 　Bazhou Agricultural Development Bank Pulp Loan Bazhou Taichang