Executive Premier Su Zhenchang.

(file photo)

[Reporters Zhong Lihua, Xu Ziling, Liao Jianing/Report from Taipei] The day before yesterday, the central bank decided to raise the policy interest rate by half a yard (0.125 percentage points), and the interest rate "has risen four times in a row."

Executive Premier Su Zhenchang made a decision yesterday that the government will continue to subsidize the youth entrepreneurship and relief loans from the Ministry of Economic Affairs, the student loans from the Ministry of Education, and the labor relief loans from the Ministry of Labor.

Officials from the Government House said that the United States continues to raise interest rates, which is also a response to stabilize prices.

The Ministry of Economic Affairs said that for young entrepreneurs who apply for "Youth Entrepreneurship and Startup Fund Loans" and enjoy interest subsidies, if Chunghwa Post's fixed deposit interest rate is raised by half a yard, the subsidized interest rate will be reduced from 1.

Ninety-two percent increased to two.

○ 45%.

Please read on...

Small and medium-sized enterprises affected by the epidemic can enjoy interest subsidies when applying for relief and revitalization loans.

Three one percent, two.

Three to four five percent, one.

Three to four five percent increased to one.

435%, two.

Forty-seven percent and one.

47%, and the upper limit of the subsidy amount per household remains at 220,000 yuan. 5.

The 50,000 yuan and 220,000 yuan remain unchanged, and the difference in interest rates will be fully absorbed by the government.

According to the Ministry of Education, currently 93% of the student loan students, the interest during the school period is originally fully subsidized by the Ministry of Education. All current students who apply for school loans will not increase their interest burden due to the interest rate increase.

For school loan graduates who are already repaying, if they have difficulty repaying due to the interest rate increase this time, as long as they meet the conditions of an average monthly income of less than 40,000 yuan, they can apply for a maximum of eight years of deferred payment of principal and interest. During this period, graduates are exempted from paying principal and interest, and all interest is subsidized by the Ministry of Education. Therefore, the interest burden will not be increased due to this interest rate increase.

The Ministry of Labor pointed out that in response to the central bank’s fourth interest rate hike this time, the loan interest rate for the “labor rescue loan” has been reduced from two.

○95% increased to two.

22%, in order to reduce the living burden of workers and the pressure of interest rate hikes, as long as the normal repayment according to the contract, the Ministry of Labor will fully subsidize the loan interest by half a yard, so as to take care of workers friends, estimated to be 159% Thousands of people benefit.

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