71 billion VND allocated to support social credit programs.

(Baonghean.vn) - Implementing Directive 40-CT/TW on strengthening the Party's leadership over social credit policies, Nghe An province has allocated 71 billion VND from the budget to supplement capital for people eligible for social credit policies to invest in production and business development...

The family of Ms. Ha Thi Dao in Hoi 3 village, Chau Hoi commune, Quy Chau district, borrowed capital for production and business, facing difficulties, to invest in milling services and develop farm economics, which has brought high economic efficiency.

Based on budget balance, the People's Councils and People's Committees at all levels annually allocate and supplement 71 billion VND into the loan fund (for policy-beneficiary households). In the first eight months of 2016, localities transferred nearly 15 billion VND to the Social Policy Bank for lending, including: 8 billion VND from the provincial budget and nearly 7 billion VND from the district budget. Localities that performed well include Vinh City, Nam Dan, Yen Thanh, Thanh Chuong, Ky Son, Quy Hop, Tan Ky, and Do Luong…

Thanks to additional funding from the local budget, the Social Policy Bank has been able to effectively implement social credit policies in the area.

Hoang Vinh