Two Ministries Clearly Closed the Key to Small Business Financial Assistance

The Ministry of Finance, Ministry of Industry and Information Technology recently revised and formulated the “Measures for the Administration of Subsidy Funds for the Central Government to Close Small Enterprises,” to further strengthen the management of closure of special subsidies for small enterprises, accelerate energy conservation and emission reduction, eliminate obsolete production capacity, and promote industrial restructuring. And optimize the upgrade.
The "Regulations" stipulates that the focus of support for subsidies this year and next year is: Focusing on the promotion of energy-saving emission reduction, elimination of outdated production capacity, and management of potential safety hazards, the focus will be on the closure of small smelting, small chemicals, small building materials, and small paper, small tanneries, and small printing and dyeing. , small brewing and other small enterprises with high energy consumption, serious pollution, and potential safety problems.
The Measures clarify that the central government will provide appropriate subsidies (rewards) in the form of awards for small businesses that have implemented closures during the year. The closure of subsidies for small enterprises is mainly used to close the expenses for the resettlement of employees.

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