The Jilin branch of Postal Savings Bank begins offering special guarantee loans to boost animal husbandry in Jilin province, Nov 10. [Photo provided to gojilin.gov.cn]

The Jilin branch of Postal Savings Bank has been taking financial measures to facilitate the development of the animal husbandry industry in Northeast China's Jilin province by offering special guarantee loans, according to local media reports.

Earlier in September, the provincial government issued the Implementation Plan for the "Straw to Meat" Project and Beef Cattle Project in Jilin Province, making detailed arrangements to create a strong livestock husbandry in the province.

The Jilin branch of Postal Savings Bank launched new financial products that will meet the diverse financial needs of beef cattle farmers, support the revitalization of the beef cattle industry, and accelerate the construction of the beef cattle industry cluster in Jilin province.

The bank will also improve its big data application capabilities and continue to expand the coverage of "online instant approval", as well as strive to build 5,000 credit villages and 100,000 credit users by the end of 2022.

According to bank officials, by the end of 2022, they aim to provide credit of more than 2 billion yuan ($312 million) for the beef cattle industry, quadrupling the number at the end of 2020.