National and local governments at all levels implement preferential policies for retired soldiers to start their own businesses, and vigorously support retired soldiers, especially those with high academic qualifications, to engage in self-employment, set up economic entities, and set up small-scale low-profit enterprises. For those who start their own businesses for the first time (referring to obtaining the industrial and commercial business license for the first time) and engage in normal tax payment for more than 1 year, the local government will give appropriate subsidies according to the number of employed people; If the policy of small-sum secured loans is implemented and the self-raised funds of retired soldiers are insufficient, they can apply for small-sum secured loans of less than 50,000 yuan to local small-sum secured institutions and financial institutions according to the prescribed procedures. For partnerships and organized employment, the handling financial institutions can issue loans according to the standard that the per capita income does not exceed 50,000 yuan and the total amount does not exceed 6,543.8+0,000 yuan; The implementation of the tax reduction and exemption policy, self-employed urban retired soldiers engaged in self-employment, except for industries restricted by the state, shall be exempted from business tax, urban maintenance and construction tax, education surcharge and personal income tax within three years from the date of receiving the tax registration certificate.