Outstanding social policy loans in Nghe An reach over 7,000 billion VND

(Baonghean.vn) - According to the report of Nghe An Province Social Policy Bank, the total outstanding debt to date has reached 7,017 billion VND, an increase of 74 billion VND compared to the beginning of the quarter, an increase of 288 billion VND compared to the beginning of the year, a growth rate of 4.3%, completing 98.97% of the assigned plan (the outstanding debt of the student program in the first 6 months of the year decreased by 178 billion VND).

Policy Bank staff go to communes to handle procedures for households to borrow capital. Photo: Document

Some high growth programs include: newly escaped poverty households increased by 237 billion VND, a growth rate of 54.5%; near-poor households increased by 152 billion VND, a growth rate of 9.8%;

Loans for NS&VSMT increased by 62.7 billion VND, a growth rate of 9.6%; loans for production and business households in difficult areas increased by 41.3 billion VND, an increase of 8% and loans for housing for the poor in phase II increased by 30 billion VND.

Overview of the meeting of the Board of Directors of the Social Policy Bank, Nghe An province branch. Photo: Nguyen Nguyen

Loan turnover in the second quarter of 2017 reached 672 billion VND, accumulated in the first 6 months of 2017 reached 1,371 billion VND, equal to 113% compared to the same period last year. Some credit programs with large loan turnover include: loans for near-poor households 194 billion VND, poor households 143 billion VND, newly escaped poverty households 127 billion VND, production and business households in difficult areas 75 billion VND, clean water and sanitation 58 billion VND, housing construction 28 billion VND...

Debt collection turnover in the quarter reached 596 billion VND, accumulated in 6 months was 1,081 billion VND, equal to 102% compared to the same period last year. Some programs with high debt collection turnover: loans for poor households 216 billion VND, near-poor households 142 billion VND, students 102 billion VND.

Representative of the leadership of the Social Policy Bank, Nghe An province branch, reported the results of the first 6 months and solutions for the last 6 months of 2017. Photo: Nguyen Nguyen

Over the past 6 months, the Board of Directors of the Social Policy Bank, Nghe An branch, has strengthened the consolidation, supervision, and inspection of 7,701 Savings and Credit Groups (S&C) at the grassroots level. Through evaluation, 98% of the S&C Groups are operating well and fairly. The S&C Groups are actively deployed by organizations such as the Farmers' Association, Veterans' Association, Women's Union, and Youth Union to lend capital to poor members in villages and hamlets, and to urge debt collection on time.

At the meeting, members of the Board of Directors of the Social Policy Bank, Nghe An branch, analyzed the results achieved and learned from experience in organizing and implementing capital allocation. In particular, many district levels have limited implementation of entrusted capital from local budgets; many localities have not allocated any capital for this activity.

Members of the Board of Directors of the Social Policy Bank, Nghe An branch, proposed solutions to carry out tasks in the coming time. Photo: Nguyen Nguyen

Comrade Le Xuan Dai requested members of the Board of Directors of the Social Policy Bank, Nghe An Province Branch, in departments and branches to actively urge the implementation of tasks. In particular, coordinate to remove difficulties and obstacles for production forest planting households who are eligible for loan policies according to regulations;

At the same time, actively mobilize capital sources in the area to serve disbursement for policy households to access capital sources to develop production, livestock and business; actively urge debt collection on time to rotate capital sources.

The Standing Vice Chairman of the Provincial People's Committee, Head of the Board of Directors of the provincial branch of the Social Policy Bank, also assigned tasks to the representative boards at all levels to develop credit programs and plans for 2018; organize a summary of 15 years of implementing policy credit in the area according to Decree 78/ND-CP of the Government.

Nguyen Nguyen