Thanh Hoa Provincial Youth Union has done a good job of entrusting preferential credit loans from the Vietnam Bank for Social Policies (VBSP) to help many union members and youth in the area borrow capital to develop production and business.
Union members in Ngoc Lien commune (Ngoc Lac) borrow policy capital to develop livestock farming.
Implementing the program of entrusted loans for poor households and policy beneficiaries, the Provincial Youth Union always adheres to the contents of the coordinated implementation program. The entrusted capital is well managed by the Youth Union at all levels, evaluated for loans to the right subjects, members use the loans for the right purposes, effectively, contributing to poverty reduction work in the whole province. The preferential credit capital of social policies is increasingly practical, supporting the models of the Youth Union to develop the economy successfully, helping thousands of young people have the opportunity to demonstrate their creativity, enrich themselves, and help the community. The purpose of using the capital has been expanded and diversified in industries, such as agricultural processing, handicraft production, building agricultural models towards high-tech agriculture, opening service stores and restoring traditional industries... Since then, more and more effective production and business models owned by the Youth Union have appeared.
The Youth Union of Trung Ha Commune (Quan Son) has entrusted the Bank for Social Policies of Quan Son District to lend 100 million VND to Mr. Vi Van Thanh's household in Chieng Xay village from the Employment Program to invest in developing a chicken farm and planting forestry trees. Up to now, Mr. Thanh's family model has developed smoothly with nearly 2,000 chickens, more than 2 hectares of planted forest, generating hundreds of millions of VND in income, creating stable jobs for 4 workers.
To facilitate the access of preferential loans to young union members in the province, the Provincial Youth Union Standing Committee has directed the Youth Union branches to strengthen the dissemination of the Party, State and Government's policies on social credit; credit programs for poor households and other policy beneficiaries; procedures, records and procedures for borrowing capital at the Vietnam Bank for Social Policies... At the same time, strengthen the management and supervision of the implementation of loan capital, ensure the use of loan capital for the right purpose, the right subjects, effectively promote capital sources, contribute to job creation and stabilize the lives of young union members.
As of early April 2024, through 713 savings groups managed by the Youth Union at all levels, they have entrusted Thanh Hoa Bank for Social Policies to lend nearly 28,000 households of young union members with outstanding loans of more than 1,620 billion VND. In addition, to meet the needs of young union members for start-up loans, the Standing Committee of the Provincial Youth Union has consulted and submitted to the Provincial People's Committee for approval the Project "Preferential credit program to support young union members in starting a business until 2025" with a total capital of 50 billion VND. Policy credit is not only a fulcrum to help young union members start a business and become rich, but also helps youth union organizations gather and attract young union members, creating a connection between young union members and the union organization. Along with that, in the process of implementing the loan entrustment of the Bank for Social Policies, the Youth Union officials grasp the thoughts and aspirations of young union members, thereby coordinating with the staff of the Bank for Social Policies to advise, guide and support. Thanks to that, many rural youth have risen to become shining examples in local economic development, contributing to attracting more and more young union members to join the union bases, making union work and youth movements more and more practical.
Continuing to support, encourage and motivate young union members to build the spirit of entrepreneurship, establish businesses, and access preferential credit capital from the Vietnam Bank for Social Policies, the Provincial Youth Union has been directing the grassroots union members to proactively coordinate with the transaction offices of the Vietnam Bank for Social Policies in districts, towns and cities to review and register loan capital needs; make a list of youth economic development models to register for loans to start businesses. At the same time, pay attention to and resolutely direct the organization and consolidation of savings and loan groups to improve the quality of policy credit entrustment activities; strengthen inspection and supervision work in all levels of the Youth Union from the province to the grassroots level, promptly detect, prevent and handle violations, and prevent loss and misappropriation of loan capital. Along with that, the lending orientation, capital use goals, and project appraisal organization ensure that loans are used for the right purposes and for the right subjects.
Article and photos: Khanh Phuong
Source
Comment (0)