Machinery Credit Insurance Law

Japanese: 機械類信用保険法 - きかいるいしんようほけんほう

...In order to contribute to the modernization of facilities at small and medium-sized enterprises and the promotion of the machinery industry, the government acts as the insurer and enters into credit insurance (bad debt insurance) between machinery manufacturers or dealers. It is based on the Machinery Credit Insurance Act, which was promulgated in 1961 (the former Machinery Installment Credit Insurance Act was renamed in 1970). In the event that the dealer incurs unforeseen losses due to the bankruptcy of the buyer for individual installment sales contracts, purchase financing guarantee contracts, or lease contracts made by the dealer (non-payment of the purchase price in the case of installment sales, performance of the guarantee obligation to the financial institution in the case of loan sales based on a purchase financing guarantee contract, and non-payment of the lease fee in the case of a lease contract), 50% of the damage amount is compensated, and the remaining 50% is borne by the dealer. ...

From [Small and Medium-sized Enterprises]

…
[Policies for modernizing and upgrading small and medium-sized enterprises]
Specifically, the seven policies consist of the following: (1) modernization by industry based on the Small and Medium Enterprise Modernization Promotion Law (promulgated in 1963), (2) advancement loans under the Small and Medium Enterprise Corporation (promulgated in 1980), the equipment modernization loan system and equipment loan system under the Small and Medium Enterprise Modernization Fund Subsidy Law (promulgated in 1956, renamed in 1966 from the Small and Medium Enterprise Promotion Fund Subsidy Law), and the Machinery Credit Insurance Law (promulgated in 1961, the Machinery Installment Credit Insurance Temporary Measures Law was amended in 1966 to become a permanent law and was renamed in 1970). (3) A system of assistance for management improvement, such as diagnosis, guidance, information provision, training, technology promotion, and advice on overseas investment, by prefectures, the Small and Medium Enterprise Corporation, etc.; (4) A system of assistance for business cooperatives, fire insurance cooperatives, credit cooperatives, cooperative federations, enterprise associations, and the Small and Medium Enterprise Organization Law (promulgated in 1949) by business cooperatives, fire insurance cooperatives, credit cooperatives, cooperative federations, enterprise associations, and the Law on the Organization of Small and Medium Enterprise Organizations (promulgated in 1957) by the Small and Medium Enterprise Organization Law (promulgated in 1959) by the Small and Medium Enterprise Organization Law (promulgated in 1960) by the Small and Medium Enterprise Organization Law (promulgated in 1970) by the Small and Medium Enterprise Organization Law (promulgated in 1971) by the Small and Medium Enterprise Organization Law (promulgated in 1972) by the Small and Medium Enterprise Organization Law (promulgated in 1973) by the Small and Medium Enterprise Organization Law (promulgated in 1974) by the Small and Medium Enterprise Organization Law (promulgated in 1975) by the Small and Medium Enterprise Organization Law (promulgated in 1976) by the Small and Medium Enterprise Organization Law (promulgated in 1977) by the Small and Medium Enterprise Organization Law (promulgated in 1979) by the Small and Medium Enterprise Organization Law (promulgated in 1980) by the Small and Medium Enterprise Organization Law (promulgated in 1982 ... (5) The Small and Medium Retail Business Promotion Law (promulgated in 1973) provides assistance for the development of shopping districts, store consolidation, and voluntary chains, and assistance for joint economic enterprises and environmental improvement projects under the Shopping District Promotion Association Law, as well as restrictions on purchasing associations, permits for retail markets, and the establishment of small and medium retailers and businesses under the Special Measures Law for Adjusting Retail Commerce (promulgated in 1959). (6) Assistance for business conversion in designated industries under the Law on Temporary Measures for Small and Medium-sized Enterprise Business Conversion (promulgated in 1976); (7) Regional small and medium-sized enterprise measures, such as measures to promote local industries and small and medium-sized enterprises in production areas, and measures for specified depressed areas under the Law on Temporary Measures for Small and Medium-sized Enterprise Measures in Specified Industries Related Areas (promulgated in 1978 as the Law on Temporary Measures for Small and Medium-sized Enterprise Measures in Specified Depressed Areas, which was renamed in 1983).
[Management stability policy]
It consists of three measures: financial support, strengthening equity capital, and measures to prevent bankruptcies.

*Some of the terminology used in the Machinery Credit Insurance Act is listed below.

Source | Heibonsha World Encyclopedia 2nd Edition | Information

Japanese:

…中小企業の設備近代化および機械工業の振興に資するため，政府が保険者になり，機械類の製造業者または販売業者との間に締結される信用保険(貸倒保険)。1961年に公布された〈機械類信用保険法〉(1970年に従来の〈機械類賦払信用保険法〉を改称したもの)に基づく。業者の行った個々の割賦販売契約，購入資金借入保証契約またはリース契約について買主の倒産等により業者が不測の損害(割賦販売のときは代金不払い，購入資金借入保証契約に基づくローン販売のときは金融機関への保証債務の履行，リース契約のときはリース料の不払い)があった場合にその損害額の50％を塡補（てんぽ）するものであり，残りの50％は自己負担としている。…

【中小企業】より

…
［中小企業の近代化･高度化政策］
　具体的には以下の7施策がその内容をなす。(1)中小企業近代化促進法(1963公布)に基づいてなされる業種別の近代化，(2)中小企業事業団(1980年公布の中小企業事業団法)による高度化融資，中小企業近代化資金等助成法(1956年公布の中小企業振興資金助成法を66年に改称)による設備近代化資金貸付制度と同法による設備貸与制度，機械類信用保険法(1961年公布の機械類賦払信用保険臨時措置法が66年改正で恒久法化され，さらに70年に改称)による割賦･ローン保証販売およびリースにかかる保険の，以上4種の融資･貸付け･保証制度からなる高度化融資施策，(3)都道府県，中小企業事業団等による診断，指導，情報提供，研修，技術振興，海外投資へのアドバイス等といった経営改善の援助制度，(4)中小企業等協同組合法(1949公布)による事業協同組合，火災共済協同組合，信用協同組合，協同組合連合会，企業組合，および〈中小企業団体の組織に関する法律〉(1957公布)による協業組合，商工組合，商工組合連合会ならびに商店街振興組合法(1962公布)による商店街振興組合等々の中小企業の組織化のための諸制度，(5)中小小売商業振興法(1973公布)による商店街整備，店舗共同化，ボランタリーチェーン化の援助，商店街振興組合法による共同経済事業や環境整備事業に対する補助，小売商業調整特別措置法(1959公布)による購買会事業に対する規制，小売市場の許可，中小小売商とそれ以外の者との紛争の斡旋･調停等の調整からなる，中小商業･サービス業のための諸制度，(6)中小企業事業転換対策臨時措置法(1976公布)による指定業種の事業転換の援助，(7)もっぱら行政措置として展開されている地場産業振興対策･産地中小企業振興対策，特定業種関連地域中小企業対策臨時措置法(1978年公布の特定不況地域中小企業対策臨時措置法が1983年改称)による特定不況地域対策等の地域中小企業対策。
［経営の安定政策］
　金融の支援，自己資本の充実，倒産防止対策の3施策からなる。…

※「機械類信用保険法」について言及している用語解説の一部を掲載しています。

出典｜株式会社平凡社世界大百科事典第２版について | 情報

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