China News Service, Yinchuan, September 29 (Reporter Yu Jing) On September 29, reporters learned from the Science and Technology Department of the Ningxia Hui Autonomous Region that the Ningxia Science and Technology Department and the Department of Finance jointly revised and issued the "Autonomous Region Science and Technology Financial Subsidy Management Measures" (hereinafter referred to as the "Measures"). By broadening support objects, improving subsidy standards, and optimizing the application process, the leverage effect of fiscal funds will be further exerted, guiding financial capital to empower enterprises' technological innovation, and alleviate the financing problems of technology enterprises.
The newly revised "Measures" further expand the coverage of policy benefits. On the basis of the original technology-based enterprises and specialized and new enterprises, newly added enterprises with an "innovation point system" score of 60 points (inclusive) or above will be included in the scope of subsidy support. At the same time, restrictions such as "the growth rate of operating income shall not be less than 5%" and "the same loan shall not enjoy both guarantee fee subsidies and interest subsidies" will be cancelled, allowing more technology companies with real financing needs and deep innovation and development to enjoy policy dividends.
The "Measures" implement classified subsidies for loan interest, guarantee fees, and intellectual property pledge loan evaluation fees, and increase support for key innovation entities. The interest subsidy shall not exceed 60% of the one-year loan market quotation rate announced by the People's Bank of China in December last year. The maximum annual subsidy for ordinary enterprises is 500,000 yuan; for high-tech enterprises with outstanding R&D investment, specialized and special new enterprises, and enterprises undertaking major projects of transformation of key scientific and technological achievements and integration of science and industry, the annual upper limit of interest subsidy is increased to 1 million yuan. The guarantee fee subsidy is up to 80% of the actual guarantee fee paid, with an annual upper limit of 500,000 yuan; the intellectual property pledge loan evaluation fee subsidy is up to 90% of the actual evaluation fee, with an annual upper limit of 500,000 yuan, all-round reducing the comprehensive cost of corporate financing.
In terms of application services, the "Measures" optimize online application channels and adjust the application port from the original Ningxia Science and Technology Management Information System to the "Ningcairong" information management platform to realize the interoperability and sharing of interest discount data at the autonomous region's level. We have added a new bank online verification link, streamlined the application form, and continued to deepen the reform of “decentralization, regulation, and services” to improve the convenience of enterprise declaration and the efficiency of government affairs processing. At the same time, we will improve the supervision and management mechanism, clarify the rules for handling fraud and defrauding financial subsidy funds by enterprises, and build a strong defense line for capital security.
According to reports, since the "14th Five-Year Plan", Ningxia's science and technology financial subsidy policy has continued to be effective. A total of various science and technology financial subsidy funds have been cashed in, leveraging various financial capitals of 13.852 billion yuan, helping companies reduce financing costs by about 30%, effectively solving the problem of difficult and expensive financing for technology companies, and the role of financial capital leverage and policy guidance and empowerment continues to be highlighted.
