Ma Li, deputy to the National People's Congress (NPC) and staff of the First Taxation Branch of Jinfeng District Taxation Bureau, Yinchuan, Ningxia, brought a proposal related to entrepreneurial guarantee loans to this year's two sessions.
Ma Li, NPC deputy and staff of the First Taxation Branch of Jinfeng District Taxation Bureau, Yinchuan, Ningxia [Photo by Zuo Mingyuan]
Ningxia has issued a total of 17.9 billion yuan (about $2.6 billion) of entrepreneurship guarantee loans, directly driving 484,600 people to work. However, some entrepreneurs can not repay their loans on time due to business difficulties or failure. Therefore, Ma proposed to establish an exemption mechanism for the repayment of entrepreneurial guarantee loans.