Implementing Decision No. 1629/QD-TTg dated December 23, 2024 of the Prime Minister (Decision No. 1629/QD-TTg) on reducing 2% of lending interest rates for customers borrowing capital from the Vietnam Bank for Social Policies affected by storm No. 3 (storm Yagi), the Vietnam Bank for Social Policies - Thanh Hoa Provincial Branch (VBSP Thanh Hoa) has urgently organized a review and synthesis of the number of customers borrowing capital from policy credit programs in the area to implement and bring timely support policies to customers and households.
Mr. Nguyen Trong Thin, in village 6, Tan Truong commune, Nghi Son town, received preferential loans from the Nghi Son Social Policy Bank under the employment creation program for workers. With a loan of 100 million VND, he invested in buying cows for raising. Thanks to the State's interest rate reduction support policy, his family has partly reduced difficulties, restored and developed production.
Due to the impact of storm No. 3, nearly 5,000 square meters of tobacco plantation and part of the peach garden area of Mrs. Le Thi Sam's family in Phu Luong village, Quang Chinh commune (Quang Xuong) were flooded by heavy rain, at risk of drowning. After the policy of interest rate support for customers borrowing capital from
From the People's Credit Fund, Ms. Sam's family borrowed money to restore the damaged crop area.
Decision No. 1629/QD-TTg clearly states that the subjects of the loan interest rate reduction are customers borrowing capital from policy credit programs at the Vietnam Bank for Social Policies whose interest rates are regulated by the Prime Minister (including organizations and individuals) in 26 localities in the Northern region and Thanh Hoa. The loan interest rate reduction is 2%/year, applied to loans with outstanding debt at the Vietnam Bank for Social Policies from September 1, 2024 to December 31, 2024. It is known that immediately after storm No. 3 passed, the Thanh Hoa Vietnam Bank for Social Policies proactively coordinated with local authorities and entrusted organizations to urgently review the damage situation of customers borrowing policy credit to deploy solutions to support customers and affected people to promptly overcome the consequences, restore production and business, and stabilize their lives soon. At the same time, focus on reviewing loan demand and speeding up disbursement of policy credit programs to the right beneficiaries.
Along with disbursing to the right beneficiaries, Thanh Hoa Social Policy Bank also temporarily stopped collecting interest for borrowers affected by storm No. 3 and post-storm floods until December 31, 2024; extended debt and adjusted debt terms for loans due for repayment (implemented for loans with debts due from September 2024). It is known that, along with professional tasks, Thanh Hoa Social Policy Bank has also actively participated in and performed well social security work for families suffering from human and property damage, areas heavily affected by storm No. 3, especially poor households, policy households, and ethnic minority households to encourage people to overcome difficulties, stabilize their lives, and restore production and business.
Mr. Nguyen Ngoc Thanh, Deputy Director of Thanh Hoa Social Policy Bank, said: Immediately after Decision No. 1629/QD-TTg and instructions from Vietnam Social Policy Bank, Thanh Hoa Social Policy Bank directed district-level Social Policy Bank transaction offices to coordinate with local authorities to organize propaganda for people to understand this regulation. Customers are directly supported through local transactions; or reduced on receipts, as a basis for savings and loan groups to collect interest from each customer. To date, Thanh Hoa Social Policy Bank has organized interest reduction for more than 261,000 customers with an amount of more than 97.2 billion VND. It is expected that in January 2025, Thanh Hoa Social Policy Bank will complete the payment of loan interest support for customers affected by storm No. 3. Along with reducing loan interest rates for customers affected by storm No. 3, Thanh Hoa Social Policy Bank will continue to implement many new credit programs, aiming to bring preferential capital from the State closer to social policy beneficiaries.
Article and photos: Khanh Phuong
Source: https://baothanhhoa.vn/ho-tro-giam-lai-suat-cho-vay-doi-voi-khach-hang-bi-anh-huong-cua-bao-so-3-237457.htm
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