- Ho Chi Minh City: 100% of poor households will have access to credit capital from the Social Policy Bank.
- Kien Giang: Rapid poverty reduction thanks to policy credit capital
- Effectiveness of preferential credit capital in Ea Kar District
- Timely credit capital increases income in Cu M'gar District
Long An has a favorable geographical location for socio-economic development, easy trade of goods with countries in the region and the world when it has a border with Cambodia, owns 1 international border gate (Binh Hiep border gate), 1 main national border gate (Tho Mo border gate) and Tan Tap seaport.
In recent times, policy credit programs at the Vietnam Bank for Social Policies have made a positive contribution to hunger eradication and poverty reduction. With preferential loans, many families in difficult circumstances and poor households in rural areas have developed production, livestock and crop farming, creating conditions to escape poverty and continue to improve their lives, reduce unemployment rates, and fulfill the criteria for building new rural areas.
The results of implementing credit policies for the poor of the Long An Provincial Bank for Social Policies over the past 20 years have affirmed the effectiveness of the specific policy credit management method.
Limit the situation of students dropping out of school due to financial difficulties, many households have clean water and sanitation facilities built, poor households have more stable and spacious housing.
After more than 20 years of operation, Long An Social Policy Bank has deployed 15 policy credit programs with a total loan turnover of VND 13,516 billion, with nearly 953,000 households borrowing capital.
Of which, the capital for loans to support employment and maintain and expand employment is 994.6 billion VND, accounting for 18.35% of the total capital for policy credit loans with more than 20,108 customers with outstanding loans, an average outstanding loan of 49.41 million VND/customer (of which the capital source of the National Employment Fund is 76.6 billion VND, the capital source mobilized by the Vietnam Bank for Social Policies is 560 billion VND, the capital source of local budget entrusted to the Vietnam Bank for Social Policies for lending to solve employment is 358 billion VND).
Long An Provincial Social Policy Bank has good and stable credit quality, overdue debt accounts for only 0.14% of total outstanding debt, of which the overdue debt ratio for loans to support job creation accounts for only 0.006% of total policy credit loan capital in the area and accounts for 0.03% of total loan capital to support job creation.
Accordingly, the capital source of the National Employment Fund plays a very important role as the foundation for the provincial Social Policy Bank to effectively implement preferential credit programs. The Long An provincial Social Policy Bank has coordinated with the Department of Labor, Invalids and Social Affairs, local authorities, and socio-political organizations to implement the Government's regulations on employment support policies from the National Fund to small and medium-sized enterprises, cooperatives, cooperative groups, business households, workers, etc.
Policy credit capital is a "lever" that helps Long An people successfully implement many economic models.
In addition to capital from the National Employment Fund, the Provincial Social Policy Bank also coordinates with the Department of Labor, Invalids and Social Affairs, the Department of Finance and related units to advise and propose to the Provincial People's Council, Provincial People's Committee, and districts to entrust the Social Policy Bank to lend to poor households and other policy beneficiaries.
In addition to supporting workers to have stable jobs, the loan capital from the National Fund also focuses on lending to projects and plans applying high technology in cultivation, production and livestock breeding such as growing durian in Tan Lap commune - Tan Thanh, growing apricot in Tan Tay commune - Thanh Hoa; growing high-tech dragon fruit in Binh Quoi, An Luc Long, Phuoc Tan Hung communes - Chau Thanh; growing high-tech vegetables in Long Khe commune - Can Duoc; raising high-tech cows in My Thanh Dong commune - Duc Hue; supporting capital for workers affected by the Covid-19 pandemic to produce livestock in Luong Binh, Luong Hoa, Thanh Hoa - Ben Luc communes, etc.
Mr. Nguyen Van T. (in Moc Hoa district) shared: "In 2020, my family worked for hire in Binh Duong, but due to the impact of the Covid-19 epidemic, my husband and I returned to our hometown to farm. Now, thanks to the NHCS's loan settlement, my husband and I have been able to borrow 50 million to invest in livestock and crop farming so we don't have to go to the city to work for hire."
Similar to Mr. T., thanks to the job creation loan from the Social Policy Bank, with a maximum loan of 100 million VND, many families in Long An have had the conditions to do business and stabilize their lives.
The results of implementing the credit policy for the poor of the Long An Provincial Bank for Social Policies over the past 20 years have affirmed the effectiveness of the specific policy credit management method; the assignment and decentralization of responsibilities of local authorities in identifying policy beneficiaries has increasingly promoted higher efficiency.
Although the demand for loans to support job creation, maintenance and expansion in the province is very large, the capital allocated for the program is still not enough to meet the demand. Along with the shortcomings, many workers legally residing in this locality but having investment projects in other localities are not eligible for loans because according to regulations, workers must reside in the locality where the project is implemented to be supported with loans from this program.
Faced with the above difficulties and limitations, the Long An Provincial People's Credit Fund has proposed to the Social Policy Fund to annually supplement additional capital sources for loans to support job creation.
At the same time, it is recommended that the Ministry of Labor, Invalids and Social Affairs and relevant ministries and agencies consider submitting to the Government the abolition of the regulation on legal residence in the locality where the project is implemented for workers applying for loans. At the same time, loans should be provided to all workers who need jobs, create new jobs or attract more workers.
Source link
Comment (0)