Research On Credit Guarantee Insurance Supporting The Development Of Agricultural Science And Technology Enterprises In Sichuan

It has been found that agricultural science and technology enterprises have some difficulties in financing,which is a key factor restricting the development of these enterprises according to the current development status of relevant companies in Sichuan Province.At present,the financing model of "credit guarantee insurance+bank loan" has emerged.Therefore,this paper investigates how credit guarantee insurance supports the development of agricultural science and technology enterprises.Due to the lack of common loan collateral and other issues in agricultural science and technology enterprises,it is difficult for them to obtain loan financing smoothly.Through the present financing status of agricultural science and technology enterprises in Sichuan Province,consequently,this paper argues that credit guarantee insurance provides some support for financing.However,there are still some deficiencies and parts to be optimized.Through field visits and data collection,the preferences and requirements of bank lending institutions and insurance institutions for agricultural science and technology enterprises,as well as relevant financing information,were obtained.According to on-site visits and data collection to the banks and insurance institutions,it has been found that agricultural science and technology enterprises lack conventional resistance to collaterals,have different production days and account receivable days compared with ordinary enterprises,among other issues.This often results in them failing to obtain financing funds smoothly.Through these on-site visits,it was revealed that a number of agricultural science and technology enterprises in Sichuan Province has poor internal management,unclear corporate equity,complicated corporate liabilities and opaque financial information.These matters also prevented companies from successfully accessing financing.Agricultural science and technology enterprises are obliged to enhance and optimize internal control,risk control,financial management and other systems,raise the risk resistance ability,and improve transparency of enterprise financial information of the enterprise.In order to ensure that agricultural science and technology enterprises are able to obtain financing in the market,governments,banks and insurance institutions all need to make improvements and adjustments.The paper summarizes and analyzes the existing deficiencies of the credit guarantee insurance to support the development of agricultural science and technology enterprises of Sichuan province.A number of measures and suggestions to improve this state of affairs are proposed,including,promoting the government to enhance fiscal support.At the same time,in order to smoothly obtain financing capital,and promote the competitiveness of the agricultural science and technology enterprises of Sichuan province,enterprises also need to strengthen their risk control from the inside and enhance the ability of the enterprise to handle risk.