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Taishan district offers financial support to start businesses

Taishan district in Tai'an city, Shandong province, has issued a series of policies to support entrepreneurs starting businesses, according to the local human resources and social security bureau and industrial and commercial substation, reported Monday.

According to the newly-released policy, entrepreneurs can get a subsidized loan of up to 100,000 yuan ($16,300). College graduates, laid-off workers, dispossessed farmers, returning migrants, veterans and the disabled who want to start their own business will benefit from the policy.

The district will also offer business training for those planning to establish a business. It will also help entrepreneurs find innovation programs and offices.

Statistics show that the human resources and social security bureau in Taishan district has offered financial support for 10 labor-intensive enterprises and 87 independent entrepreneurs this year. So far it has issued loans totaling 25 million yuan and has received interest totaling 670,000 yuan. It has also organized 1,185 entrepreneurs to take part in the entrepreneurship training.

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