Providing funds to help poor and near-poor households develop their economy

Comrade Tran Huu The, Member of the Provincial Party Standing Committee, Chairman of the Provincial Fatherland Front Committee; Ho Hong Nam, Permanent Vice Chairman of the Provincial Fatherland Front Committee; Tran Minh Tri, Deputy Secretary of the District Party Committee, Chairman of the Tay Hoa District People's Committee; leaders of departments, branches, units, enterprises and 21 poor and near-poor households in Tay Hoa district who received support capital in this period attended the program.

Comrade Tran Huu The speaks at the program. Photo: THUY HANG

Speaking at the program, comrade Tran Huu The said that in this first phase, the Management Board of the Project to replicate economic development models to help poor and near-poor households escape poverty sustainably, phase 2024-2029 of the province has disbursed VND 8.88 billion to support 444 households. Specifically, Tay Hoa district has 21 households; Son Hoa 117 households; Tuy An 28 households; Song Cau town 22 households; Dong Hoa town 26 households; Dong Xuan 59 households; Song Hinh 88 households; Phu Hoa 83 households. The households mainly participate in the model of raising breeding cows, commercial cows; raising commercial chickens, raising Egyptian chickens and raising breeding bamboo rats, commercial bamboo rats. Each household is supported with VND 20 million.

Comrade Tran Huu The (left cover, back row) together with leaders of Tay Hoa district and leaders of a bank in the province presented a symbolic board of financial support to poor and near-poor households in Tay Hoa district. Photo: THUY HANG

“The goal of the project is not only to support capital to help poor and near-poor households develop production, diversify livelihoods, replicate poverty reduction models to improve material and spiritual life, increase income for people, but also to help the poor to be confident, integrate into the community, create a strong change in awareness: must try to produce, raise livestock, not rely on others, self-reliant to escape poverty, minimize the number of workers in the working age who do not have suitable jobs, take advantage of the free time to raise livestock, develop the family economy, contribute to improving income in a sustainable way”, Mr. Tran Huu The emphasized.

Standing Vice Chairman of the Provincial Fatherland Front Committee Ho Hong Nam, along with departments, branches, units and enterprises in the province, also presented symbolic boards of financial support to poor and near-poor households in the first phase. Photo: THUY HANG

From this support source, households participating in the project buy their own breeding stock and breeding materials. At the end of the project implementation period (36 months), households receiving capital support must repay the project 30% of the amount supported for poor households and 40% of the amount supported for near-poor households to be circulated to other poor and near-poor households.

With the financial support, Ms. Le Thi Le - a near-poor household in Phuoc My village, Hoa Binh 1 commune (Tay Hoa district) was able to buy cows to raise to improve her family's economy. Photo: THUY HANG

Source: https://baophuyen.vn/xa-hoi/202504/trao-kinh-phi-giup-cac-ho-ngheo-can-ngheo-phat-trien-kinh-te-32f2a7b/