Social Policy Bank, Nghe An branch, strives for the goal of poverty reduction and helping to get rich
(Baonghean.vn) - During the 2015 - 2020 term, through the Provincial Social Policy Bank (PSB), many households in Nghe An have had the opportunity to access preferential loans from the State. Thereby, many production models for stable income for people have been replicated, contributing to hunger eradication and poverty reduction in the locality.
Improving the efficiency of policy capital flows
During the 2015 - 2020 term, the Party Committee of the Bank for Social Policies, Nghe An Province Branch, closely followed the direction of superiors, promoted advantages, overcame difficulties, focused on leading and directing the unit to excellently complete the goals set out in the Resolution of the 4th Congress.
By December 31, 2019, the Branch had provided loans for 19 policy credit programs implemented by the Government (an increase of 4 programs compared to the previous term), with a total capital source of VND 8,376 billion, an increase of VND 2,135 billion during the entire term, achieving an average growth rate of 6.1%/year (completing the target set by the Congress Resolution of 5-7%).
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| The Social Policy Bank works with loan groups in Ta Ca village (Ky Son). Photo: Thu Huyen |
Lending turnover reached 12,000 billion VND (up 50% compared to the previous term), debt collection turnover reached 9,885 billion VND (up 102% compared to the previous term). Total outstanding debt reached 8,361 billion VND, up 2,130 billion VND compared to the beginning of the term, the average annual growth rate reached 6.1% (fulfilling the target set by the Congress Resolution of 5-7%).
Credit quality is always stable and constantly improved, bad debt ratio is always strictly controlled, bad debt ratio is always below 0.5%, in which overdue debt ratio has gradually decreased over the years, currently only accounting for 0.12% of total outstanding debt (down 0.1% compared to the beginning of the term, 0.38% lower than the target set by Resolution of the 4th Congress).
The branch Party Committee also pays attention to and directs the implementation of accounting and financial work. Every year, the unit completes the profit plan target. The organization manages well the State's capital and assets; safely collects and spends a large amount of cash through the annual fund.
The Party Committee has also led and directed inspection and supervision activities with high efficiency. Thanks to the good performance of inspection and supervision, it has contributed to improving the efficiency and quality of credit. At the same time, it has performed well its political tasks, attracted large capital sources, effectively organized preferential credit programs, and created regular and stable jobs for workers. It has led the implementation of grassroots democracy, built corporate culture, and carried out national defense, security, and social work.
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| Giving gifts to policy families in Ta Ca village (Ky Son). Photo: Thu Huyen |
In addition to performing professional tasks well, the branch always pays attention to doing well social charity work, repaying gratitude, joining hands with society to better care for the poor, those in especially difficult circumstances and families with meritorious services to the revolution. During the term, the branch continued to mobilize officers, civil servants and employees to contribute nearly 2.2 billion VND to organize social security activities.
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| Thanks to the effective use of loans, many families have risen up to develop their economy and reduce poverty. Photo above: Officers of the Quy Hop People's Credit Fund visited the family of Ms. Vi Thi Dao in Thai Quang hamlet, Chau Thai commune, Quy Hop - an effective loan borrower in the area. Photo below left: Women in the Xieng village savings group, Mon Son commune (Con Cuong) develop the brocade weaving profession. Photo below right: Loan model for farm economic development of Mr. Chu Quoc Tru's family in My Dinh hamlet, Chau Dinh, Quy Hop. Photo: Thu Huyen |
Continue to promote the effectiveness of policy credit
With the achieved results, Nghe An Social Policy Bank Branch has been implementing policy credit programs in accordance with the Government's goals; gradually building a stable and developing Branch, actively contributing to the goal of hunger eradication and poverty reduction, and socio-economic development in the province.
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| Nghi Loc Policy Bank transaction office disburses capital. Photo: Thu Huyen |
In the 2020 - 2025 term, in addition to basic advantages, the Party Committee's activities are expected to face many difficulties. Nghe An is still a poor province with a large area, difficult transportation, many mountainous communes with socio-economic difficulties; natural disasters and epidemics occur frequently and complicatedly; the unit's service objects are vulnerable and at high risk...
However, with a sense of responsibility, the Party Committee of the Bank for Social Policies, Nghe An branch, sets the goal of continuing to maintain and promote solidarity and unity to lead and direct the entire Party Committee to successfully implement the Resolution set forth by the Congress.
At the same time, absorb the direction of the superior Party Committee, overcome difficulties to well implement assigned tasks, especially continue to effectively implement Directive No. 40-CT/TW of the Party Central Committee Secretariat on strengthening the Party's leadership over social policy credit; well organize the implementation of 6 goals in the Sustainable Development Strategy of the Vietnam Bank for Social Policies to 2020 approved by the Prime Minister.
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| Leaders of the People's Credit Fund encourage people in Ky Son to make effective use of loans and develop household economy. Photo: Thu Huyen. |
In the coming time, the Party Committee will continue to improve the leadership capacity and fighting strength of the Party organization, promote the combined strength of the entire political system to excellently complete assigned political tasks, ensure jobs, income, policies and regimes, and constantly improve the material and spiritual life of workers. Strive to build a strong and clean Party Committee and Party cells, and strong and excellent mass organizations. The branch is classified as a collective that has excellently completed its tasks throughout the term.
MAIN GOALS FOR THE 2020-2025 TERM:
Increase capital and outstanding debt annually by at least 8%; Control bad debt ratio below 0.5%, in which overdue debt of the following year decreases compared to the previous year; Strive to achieve an annual interest collection rate of over 95% of receivable interest. Ensure monetary security, treasury safety and assets of the agency. Strive to achieve excellent completion of the Branch's tasks every year. The Trade Union and Youth Union are ranked excellent.
For Party work: Strive to build a Party organization that excellently completes its tasks and achieves a strong and clean grassroots Party organization every year.
