Nghe An: 160,000 households escape poverty thanks to policy credit capital

DNUM_BIZAJZCABH 17:19

(Baonghean.vn) - The Social Policy Bank branch in Nghe An province officially started operating on April 9, 2003. After 15 years of operation, it has successfully fulfilled the political goals and tasks assigned by the Party and the State.

On the afternoon of September 18, the Provincial People's Committee held an online conference to summarize 15 years of implementing social policy credit in Nghe An in the period of 2002-2017. Comrade Le Xuan Dai - Member of the Provincial Party Committee, Permanent Vice Chairman of the Provincial People's Committee, Head of the Board of Directors of the Nghe An Social Policy Bank chaired the conference. Attending the conference were Comrade Nguyen Duc Hai - Deputy General Director of the Vietnam Social Policy Bank and 21 connecting points in districts, towns and cities.

Immediately after its establishment, under the direction of the Vietnam Bank for Social Policies, the Nghe An Provincial Bank for Social Policies Branch has well organized the reception of capital from preferential credit programs, mobilized capital from organizations, individuals, and entrusted capital from the local budget.

Toàn cảnh hội nghị. Ảnh: Việt Phương
Overview of the conference. Photo: Viet Phuong

By August 31, 2017, the total policy credit capital managed by the Nghe An Social Policy Bank reached over 7,000 billion VND, 22.3 times higher than the first day of establishment, with an average annual capital growth rate of 24%.

From 03 credit programs handed over with a total outstanding debt of 307 billion VND, after 15 years of operation, up to now, the Nghe An Provincial Bank for Social Policies Branch is implementing 18 credit programs assigned by the Government and a number of policy credit programs from capital sources entrusted locally, monitoring and managing over 297 thousand borrowing households, accounting for about 38% of the total number of households in the province.

Phó tổng giám đốc Ngân hàng CSXH Việt Nam phát biểu ghi nhận những kết quả đạt được của tín dụng chính sách Nghệ An. Ảnh: Việt Phương
Mr. Nguyen Duc Hai - Deputy General Director of Vietnam Bank for Social Policies spoke to acknowledge the achievements of Nghe An social policy credit. Nghe An is considered the leading locality nationwide in many social policy credit activities. Photo: Viet Phuong

According to the synthesis, up to now, the total lending turnover of the Nghe An Social Policy Bank has reached 17,675 billion VND, with 1.3 million poor households and policy beneficiaries receiving loans, 160,000 households have escaped poverty. Every year, over 85,000 poor households, near-poor households, newly escaped poverty households and other policy beneficiaries receive policy credit loans to develop the economy, solve employment as well as serve essential needs of life.

The Government's preferential credit programs implemented by the Vietnam Bank for Social Policies are truly an important capital channel, a "midwife" for poor households and policy beneficiaries, especially in rural areas and areas with particularly difficult socio-economic conditions. The organizational model and method of policy credit management are increasingly improved, suitable for practice and effective.

trao bức trướng mang dòng chữ “Ngân hàng CSXH tỉnh - 15 đoàn kết, xây dựng, đổi mới và phát triển” cho Ngân hàng CSXH tỉnh. Ảnh: Việt Phương
Comrade Le Xuan Dai - Standing Vice Chairman of the Provincial People's Committee presented a banner with the words "Provincial Social Policy Bank - 15 years of solidarity, construction, innovation and development" to the Provincial Social Policy Bank. Photo: Viet Phuong
Trao bằng khen của Chủ tịch UBND tỉnh cho các cá nhân xuất sắc. Ảnh: Việt Phương
Awarding Certificates of Merit from the Provincial People's Committee Chairman to outstanding individuals. Photo: Viet Phuong

After listening to the speeches of the organizations and localities, speaking at the conference, comrades: Le Xuan Dai - Permanent Vice Chairman of the Provincial People's Committee, Nguyen Duc Hai - Deputy General Director of the Vietnam Bank for Social Policies acknowledged and highly appreciated the achievements of the system of policy banks at all levels and entrusted socio-political organizations, credit policies have contributed to hunger eradication, poverty reduction, and new rural construction.

Những con số ấn tượng sau 15 năm hoạt động của Ngân hàng chính sách xã hội Nghệ An. Đồ hoạ: Hữu Quân
Impressive numbers after 15 years of operation of Nghe An Social Policy Bank. Graphics: Huu Quan

In order for 100% of poor households and other policy beneficiaries who have needs and meet the conditions to have access to capital provided by the VBSP; Complete 100% of the credit plan assigned by the Central Government; Average annual credit growth rate from 7% - 10%, bad debt ratio below 0.4%, the VBSP is requested to continue to coordinate with relevant departments, branches and agencies to effectively implement social policy credit. Strengthen coordination with entrusted socio-political organizations, commune and village authorities to provide loans to the right subjects and effectively use policy credit capital.

The comrades also noted that the Nghe An Social Policy Bank implements synchronous solutions to increase resources for policy credit, prioritize policy credit capital for ethnic minorities, stabilize their lives and maintain border security. Innovate and improve the effectiveness of inspection and supervision by the Board of Directors, internal inspection of the Social Policy Bank, socio-political organizations, the Management Board of Savings and Credit Groups, local authorities and especially inspection and supervision of the people with the motto "people know, people do, people inspect"...

Từ nguồn vốn chính sách,, nhiều hộ dân đầu tư cải tạo công trình nước sạch, nhà vệ sinh. Trong ảnh: Công trình nước sinh hoạt được đầu tư từ vốn vay NHCS của gia đình anh Bùi Xuân Đại ở thôn 5, Hội Sơn, Anh Sơn. Ảnh: Việt Phương
From policy capital, many households have invested in renovating clean water and toilet facilities. In the photo: The clean water facility was invested from the NHCS loan of Mr. Bui Xuan Dai's family in village 5, Hoi Son, Anh Son. Photo: Viet Phuong

Nghe An is a poor province, the demand for loans of policy beneficiaries is still very large. Therefore, at the conference, Vice Chairman of the Provincial People's Committee Le Xuan Dai suggested that the Central Bank for Social Policies pay attention to prioritizing the allocation of more capital for credit programs for near-poor households, newly escaped poverty households, production and business households in difficult areas, clean water and rural environmental sanitation, and loans to create jobs.

On this occasion, the Provincial People's Committee presented a banner with the words "Provincial Social Policy Bank - 15 years of solidarity, construction, innovation and development" to the Provincial Social Policy Bank; awarded Certificates of Merit from the Chairman of the Provincial People's Committee to 21 collectives and 20 individuals with many achievements in their work./.

Viet Phuong

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Nghe An: 160,000 households escape poverty thanks to policy credit capital
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