With the mission of serving the development of agriculture, farmers and rural areas, in recent years, the Bank for Agriculture and Rural Development, Nam Thanh Hoa Branch (Agribank Nam Thanh Hoa) has flexibly applied policy mechanisms to bring loans to people and businesses. Thereby, helping people and businesses effectively exploit potentials and strengths, develop production and business, and create jobs for many local workers.
Agribank Nam Thanh Hoa staff checks the loan usage of corporate customers.
Agribank Nam Thanh Hoa has been making positive contributions to the process of economic restructuring, job creation, income increase, and improvement of the quality of life of people in many localities in the province. In order for customers to grasp credit policies, especially preferential credit for agricultural development, and to have more convenience in accessing capital sources as well as using loans effectively, Agribank Nam Thanh Hoa has directed its branches and transaction offices to coordinate with political organizations, unions and local authorities to establish loan groups; support and advise on production plans, management and use of loans. At the same time, assign staff to regularly grasp the capital needs of economic sectors to provide loans, promptly meeting the capital needs for production and business for economic sectors. In particular, priority is given to capital investment in the agricultural and rural sectors, capital for livestock development, craft villages, farms; loans for labor export; lending for consumer needs to build and renovate rural housing; lending for local economic programs such as: livestock programs; purchasing machinery and equipment to serve the goal of synchronous mechanization in agriculture; models of applying science, technology and high technology in production; lending for clean water and environmental sanitation; investing in OCOP products...
Along with that, Agribank Nam Thanh Hoa has fully and promptly implemented policies such as: restructuring debt repayment terms, considering exemption and reduction of loan interest, continuing to provide new loans... to support customers affected by the COVID-19 pandemic to restore production and business activities. Specifically, the bank has implemented interest rate support loans according to Decree No. 31/2022/ND-CP, accumulated to mid-May 2024, interest rate support has been provided to more than 70 customers, loan turnover is nearly 500 billion VND, the amount of interest supported to customers is nearly 7 billion VND. Implementing interest rate reduction to support people and businesses under the direction of the General Director of Agribank for 55,000 customers, outstanding loans with interest rate reduction of nearly 13,530 billion VND, the amount of interest reduction is over 62 billion VND... In addition, Agribank Nam Thanh Hoa also implemented many loan interest rate policy programs such as: loans for large enterprises, small and medium enterprises, export enterprises; agriculture - forestry - fishery sector, interest rate support program according to Decree No. 31 of the Government; social housing loan program according to Resolution No. 33 of the Government, loans to support individuals receiving budget salaries, loans to support medical staff... Thereby, creating a lever for economic growth in localities.
In order to facilitate people and businesses in accessing preferential loans for agricultural and rural development, Agribank Nam Thanh Hoa has also proactively implemented administrative reforms, simplified loan applications according to regulations; diversified capital channels, brought banking services to rural areas, including coordinating with socio-political organizations to establish, maintain operations and promote the effectiveness of lending groups, ensuring improved credit quality and limiting bad debt.
In the coming time, Agribank Nam Thanh Hoa will continue to promptly and effectively implement preferential credit programs for agricultural and rural development through loan groups; expand credit investment to serve agricultural and rural development, and new rural construction in the province with the target of increasing outstanding loans by 2024 to at least VND 1,500 billion. The bank will continue to prioritize capital sources to build models applying high technology to production; linkage models in agriculture from production, processing, product consumption and export to bring high efficiency; invest in machinery and equipment to serve agriculture and rural areas; invest in OCOP products. At the same time, actively deploy banking services to rural areas, focusing on opening payment accounts, card services, e-banking services, promoting cashless payments, promoting digital transformation...
Article and photos: Minh Ha
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