Cu Kuin District: Disbursed 170 million VND in loan capital for people who have completed their prison sentences

19:46, 07/11/2023

Implementing the credit program disbursement for people who have completed their prison sentences according to Decision 22/2023/QD-TTg dated August 17, 2023 of the Prime Minister, the Transaction Office of the Social Policy Bank of Cu Kuin district has just disbursed 170 million VND to 2 cases who have completed their prison sentences and returned to live in the locality.

Accordingly, implementing Decision No. 22 of the Prime Minister and Instruction No. 7557/NHCS-TDSV dated September 20, 2023 of the General Director of the Vietnam Bank for Social Policies on lending to people who have completed their prison sentences, the District Bank for Social Policies Transaction Office coordinated with the District Police, District Youth Union and People's Committee of Dray Bhăng commune to survey, select and disburse capital for 2 cases of people who have completed their prison sentences and returned to live in the locality.

Specifically: Ms. H' Tep Eban's family (Ea Tla hamlet) with a disbursement amount of 80 million VND and Ms. Tran Thi Phuong's family (Nam Hoa hamlet, Dray Bhang commune) with a disbursement amount of 90 million VND to develop the economy and prevent re-violation of the law.

Cu Kuin District Social Policy Bank disburses policy credit capital to people who have completed their prison sentences and returned to their localities.

According to Decision 22/2023/QD-TTg dated August 17, 2023 of the Prime Minister, the maximum loan amount for people who have completed their prison sentences to carry out production, business, and create jobs is 100 million VND/person. The maximum loan term is 120 months with an interest rate equal to the lending interest rate for poor households prescribed for each period.

In addition, those who have completed their prison sentences can also borrow capital for vocational training with a maximum loan of VND 4 million/month/person. Production and business establishments that employ at least 10% of their total workforce who have completed their prison sentences can borrow up to VND 2 billion/project and no more than VND 100 million/employee at the establishment.

This is a humane and humanitarian policy of the Party and State to create all necessary conditions for criminals to reintegrate into the community and develop the economy.

Nguyen Ha

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