Bayannur Branch of People's Bank of China Employs Innovative Financial Services to Revitalize Agricultural and Rural Development in Inner Mongolia

In a move to address the long-standing challenges of difficult and expensive financing for agricultural and pastoral operations, the Bayannur branch of the People's Bank of China has introduced a new paradigm of "agricultural and livestock loan" financial services. This initiative has effectively solved the problems of insufficient collateral and mismatched financial products, providing valuable experience for rural revitalization. By innovatively including agricultural orders and warehouse receipts in the core collateral category, the branch has broadened the scope of eligible collateral, enabling farmers and herders to access more financing options. As of the end of September, the city's outstanding "agricultural and livestock loans" reached 2.92 billion yuan, with order and warehouse receipt pledge loans amounting to 385 million yuan, accounting for 13.19%.

Key Takeaways:

• The Bayannur branch of the People's Bank of China has introduced a new paradigm of "agricultural and livestock loan" financial services to serve agriculture, rural areas, and farmers in Inner Mongolia.
• The initiative has included agricultural orders and warehouse receipts in the core collateral category, broadening the scope of eligible collateral and enhancing financing options for farmers and herders.
• As of the end of September, the city's outstanding "agricultural and livestock loans" reached 2.92 billion yuan, with order and warehouse receipt pledge loans amounting to 385 million yuan, accounting for 13.19%.
• The branch has constructed a three-dimensional risk control model combining "official big data + local credit" to prevent double pledging and ensure financial security.
• The "agricultural and livestock loans" are combined with the mature "village-wide credit granting" model, providing basic credit lines to farmers in villages with good credit and forming a tiered service pattern of small amounts relying on credit and large amounts relying on collateral.
• The bank has explored and created four service models: industrial chain finance, large-scale direct lending, batch credit granting for industrial clusters, and universal online fast loan, guiding financial institutions to tailor more than 20 specialized loan products.

Statistics:

• 2.92 billion yuan: the city's outstanding "agricultural and livestock loans" as of the end of September
• 385 million yuan: the amount of order and warehouse receipt pledge loans
• 13.19%: the proportion of order and warehouse receipt pledge loans to the total outstanding loans
• 20: the number of specialized loan products tailored by financial institutions
• 1-3 years: the flexible terms of the specialized loan products

Sources:

• News release from the Bayannur branch of the People's Bank of China
• https://www.nmg.gov.cn/zwyw/gzdt/msdt/202510/t20251031_2810885.html (original story)