Nghe An: In 6 months, over 45 thousand poor households have access to policy loans

Capital disbursement at Nghi Long commune transaction point (Nghi Loc). Photo courtesy

Loan turnover in the first 6 months of the year reached nearly 1,464 billion VND (up 7% over the same period last year).

Mr. Tran Khac Hung - Director of the Social Policy Bank, Nghe An branch, reported on the first 6 months' performance. Photo: Dinh Nguyet

Total outstanding debt reached nearly 7,613 billion VND, an increase of 413 billion VND compared to the beginning of the year, the growth rate of outstanding debt reached 5.74%. Most of the programs and plans have completed the central outstanding debt plan targets assigned by June 30; in which some programs with high outstanding debt growth such as: near-poor households, newly escaped poverty households, production and business households in difficult areas...

Credit quality continues to be tightly controlled and stable. Accordingly, up to now, the on-time debt collection rate has reached 73%, an increase of 18% compared to the end of 2017; the bad debt ratio has decreased…

Overview of the conference. Photo: Dinh Nguyet

At the conference, delegates focused on discussing solutions to solve difficult and complicated problems such as: urging policies to be entrusted through social policy banks, overdue debts, difficulties in debt collection, solutions to inspect, monitor, and urge units that are not operating well, promoting the effectiveness of loan capital...

Speaking at the conference, Standing Vice Chairman of the Provincial People's Committee Le Xuan Dai highly appreciated the performance results of the second quarter and the first 6 months of the Social Policy Bank, Nghe An branch, and pointed out the shortcomings that need to be overcome in the coming time.

Standing Vice Chairman of the Provincial People's Committee Le Xuan Dai highly appreciated the performance of the Social Policy Bank, Nghe An branch in the second quarter and the first 6 months of the year. Photo: Dinh Nguyet

On that basis, comrade Le Xuan Dai requested the Board of Directors to effectively direct the implementation of Directive 29-CT/TU of the Provincial Party Committee and Plan No. 463/UBND - KH of the Provincial People's Committee in advising local Party committees and authorities to pay attention to allocating resources entrusted to the VBSP in 2018 according to the central target. At the same time, assign the target of mobilizing budget capital in 2019 according to the direction of the VBSP.

It is recommended that the VBSP take advantage of central capital sources, focus on mobilizing deposits and actively collecting due debts; organize timely disbursement of capital sources to meet capital needs for poor households and policy beneficiaries; ensure the completion of credit plan targets assigned by superiors, and ensure the target of minimum outstanding loan growth of 7% (equivalent to 100 billion VND from now until the end of the year). In particular, pay attention to directing the successful implementation of new credit programs.

The Department of Finance shall preside over and coordinate with the Provincial Social Policy Bank to propose timely solutions to remove obstacles in allocating budget capital entrusted through the District Social Policy Bank to lend to poor households and policy beneficiaries.

Members of the Representative Board need to coordinate in inspecting and supervising the activities of district-level transaction offices and entrusted organizations, ensuring that capital is disbursed to the right subjects and for the right purposes./.