In response to the central bank raising interest rates by half a yard, the Executive Yuan led by Executive President Su Zhenchang emphasized that the six major policy loans including labor will continue to receive interest subsidies.

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[Reporter Li Xinfang/Taipei Report] In response to the central bank's announcement of a half-size rate hike in the evening.

The Executive Yuan stated that raising interest rates will help curb domestic inflation expectations, maintain price stability, and respect the powers and responsibilities of the central bank. We will continue to provide subsidies in accordance with existing loan regulations for poverty revitalization, school loans, housing purchases for young people, and policy-based housing loan subsidies.

In order to assist workers affected by the epidemic, the Ministry of Labor will provide labor relief loans in 2020 and 2021, with a maximum loan of 100,000 yuan per person. The loan period is 3 years, and the Ministry of Labor will subsidize the first-year loan interest for laborers. The total of 2020 and 2021 1.59 million pieces were approved.

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The Executive Yuan stated that the laborers who applied for the bailout loan belonged to a relatively economically disadvantaged group. Therefore, the government will subsidize the laborers within three years of the loan period. Due to the interest rate hike by the central bank, the government will fully subsidize the increased interest for the laborers. Remaining funds from the special budget for bailout and revitalization.

Secondly, the relevant policy loan projects will not be affected by the interest rate increase, and will continue to be subsidized by the government, including youth entrepreneurship and start-up fund loans. The loan amount is less than 1 million, and the interest will be fully subsidized for 5 years.

Therefore, during the subsidy period, the difference in interest rate increases will be fully absorbed by the government, and loan applicants will not be affected.

Regarding school loans, considering that the students are not yet financially able, 93% of the students applying for loans (with annual family income of less than 1.14 million yuan) do not need to bear the interest during the school period, and the other 7% of the students need to pay half or the full amount of the loan by themselves. Interest.

The Ministry of Education will help to subsidize the interest increased due to the interest rate hike, and all students applying for school loans will not increase their interest burden due to the interest rate hike.

If repayers after graduation apply for a deferral of principal and interest, the interest during the deferment period will also be absorbed by the government in full.

The bailout and revitalization loans in charge of the Ministry of Economic Affairs, including: extension of old loans, working capital loans, and revitalization fund loans, are subsidized according to the postal fixed reserve mobile interest rate, so they will cooperate with the central bank to raise interest rates and adjust the subsidy amount, but it must be limited The maximum amount of subsidies for each company (up to 220,000 yuan for old loan extension and revitalization loans, and 55,000 yuan for working capital loans).

When the central bank raised interest rates in March this year, the Ministry of Finance has coordinated with the public stock bank to absorb half of it (0.125%), and will continue to maintain the subsidized interest rate in March this year until the end of the year.

As for the policy housing loan of the Ministry of the Interior, it already enjoys preferential loan interest rates, and when the central bank raised interest rates in March this year, half of the housing fund (0.125%) has been absorbed by the Ministry of the Interior, and the subsidized interest rate will continue to be maintained until the end of the year.