Nghe An urgently implements credit programs according to Resolution 11

Thosefirst customerloan under Resolution11

Recognizing the role and importance of the policy, the People's Committee of Nghe An province issued Document No. 821/UBND-TH dated February 9, 2022, directing relevant departments, branches and sectors to coordinate and actively advise on the comprehensive implementation of the tasks and solutions of the Resolution from the beginning of February 2022.Nghe An Social Policy Bank(NHCSXH) has organized the dissemination of preferential credit policies according to Resolution No. 11 of the Government, and at the same time coordinated with socio-political organizations that received the mandate to actively review the subjects, determine capital needs, and be ready to disburse promptly when capital is allocated; ensuring publicity, transparency, and effective use of State resources, avoiding policy exploitation. With a spirit of urgency and determination, initially, some districts have disbursed loans according to Resolution 11.

Recently, the Transaction Office of the People's Credit Fund of Yen Thanh district has implementedDisbursement of loan packages according to Resolution No. 11/NQ-CP, loans for students with difficult family circumstances to buy computers and equipment for online learning.

Yen Thanh Bank disburses loan capital to Mr. Thai Van Chin in Hamlet 3, Ly Thanh Commune, whose son is studying at Hanoi University of Industry. Photo: TH

That is the case of student Thai Van Luc - son of Mr. Thai Van Chin in Hamlet 3, Ly Thanh Commune, studying at Hanoi University of Industry. Mr. Thai Van Chin's family is a poor household with difficult circumstances, both husband and wife are farmers and often sick, so it is difficult to support their children's education. This time, in addition to being able to borrow 12.5 million VND to cover their children's education costs, the family was supported to borrow 10 million VND with an interest rate of 1.2%/year, loan term of 36 months. Mr. Thai Van Chin said that the loan capital supported under Resolution 11/NQ-CP has helped him buy computer equipment for his children's studies, reducing the family's difficulties.

Yen Thanh is a district with a large policy target, with a policy credit scale of nearly 740 billion, a land with a tradition of studiousness, with tens of thousands of students studying in the whole district. According to Mr. Phan Huu Trang - Director of the Yen Thanh District Social Policy Bank Transaction Office: This is a loan package with a strong humanitarian character, helping students in difficult circumstances to access preferential loans to buy essential equipment for their studies, becoming useful citizens for society. Through social organizations and People's Committees of communes, the Yen Thanh District Social Policy Bank Transaction Office has screened 680 students who are members of households belonging to one of the following groups: poor households, near-poor households, households with average living standards or households with difficult circumstances due to the impact of the Covid-19 pandemic who need to buy computers and equipment for online learning and is expected to disburse 6.8 billion VND for this loan package.

In Tan Ky district, on April 27, 2022, the district's Social Policy Bank also deployed loans under the program of economic and social recovery and development, supporting employment with an amount of VND 2,800 million, 56 workers received loans.

Tan Ky Social Policy Bank guides people through procedures for disbursing loans to create jobs according to Resolution 11. Photo: TH

Mr. Cao Truong Dinh - Deputy Director of Tan Ky District Social Policy Bank said: In this May, we will continue to implement the program of lending to buy, hire-purchase social housing, build new or renovate, repair houses and the program of lending to students to buy computers, online equipment, and loans to cover study expenses. Along with lending credit programs under Resolution No. 11, Tan Ky District Social Policy Bank has promoted the disbursement of policy credit programs to meet the borrowing needs of people in the area, the loan turnover in the first 4 months of the year reached more than 58 billion VND, with more than 1,100 customers receiving loans, in which some programs have large loan turnover such as: lending to poor households 21 billion VND; lending to near-poor households nearly 16 billion VND; households that have just escaped poverty 7.3 billion VND.

Tens of billions of dong are being disbursed.

With fiscal and monetary policies supporting the National Assembly's program, Resolution No. 11/NQ-CP of the Government has assigned the Vietnam Bank for Social Policies to implement social policy credit groups. In the immediate future, there are 3 programs with specific guidance documents: job creation loan program, social housing loan program and student loan program to buy online learning equipment and cover learning expenses.

Accordingly, Nghe An was assigned 233 billion VND by the Central Government, including: 50 billion VND for employment, 115 billion VND for social housing, 68 billion VND for students to buy computers. The Nghe An branch of the People's Credit Fund advised the Board of Directors to allocate capital to the districts; at the same time, directed the district transaction offices to propagate and receive loan applications, and disbursed: nearly 14 billion VND for employment with 249 workers; 2.8 billion VND for social housing for 13 customers, more than 2.8 billion VND for students to buy computers with 289 students.

Disbursing policy loans to people at the Tan Ky Bank Headquarters. Photo: TH

Some units with large disbursement turnover are Hung Nguyen with more than 2.8 billion VND, Tan Ky with 2.4 billion VND, Vinh with nearly 2 billion VND, Quy Hop with 1.6 billion VND, especially Thanh Chuong has disbursed 1.65 billion VND for 165 students to buy computers. It is expected that in the coming time, it will continue to disburse the job creation program with more than 26 billion VND for 456 workers, Social Housing with 35 billion VND for 81 customers and more than 1.5 billion VND for 153 students to buy computers.

Director of the Social Policy Bank branch in Nghe An province - Mr. Tran Khac Hung said: Currently, the branch is actively implementing credit packages according to Resolution No. 11, effectively implementing the loan program for employers toseverance pay, pay wages to restore production. The Provincial People's Committee directed the Department of Finance, People's Committees of districts, towns and cities to complete the allocation and transfer of the 2022 entrusted budget through the Vietnam Bank for Social Policies to proactively disburse loans from the beginning of the year. Through preliminary review, the capital growth demand in the two years 2022 - 2023 for the job creation loan program is 1,465 billion VND, social housing loans are about 250 billion VND, and loans for students to buy computers and online learning equipment are 133 billion VND. Of which, in 2022, the demand for job creation loans is 730 billion VND, loans for the social housing program are 115 billion VND, and loans for students to buy computers and online learning equipment are 68 billion VND.

Nghe An is a province with many workers returning after the pandemic, the issue of job creation for workers is being urgently implemented by the province. In the photo: Workers at a textile and garment enterprise in Dien Chau. Photo: TH

Nghe An is the province with the highest number of workers returning from localities affected by the epidemic in the country. Resolution No. 11 of the Government has just been issued with fundamental and appropriate tasks and solutions, which will be an extremely important resource, creating conditions to support people and businesses to restore production, contributing to the completion of the set socio-economic goals.

“In order for the policy credit capital to restore and develop the socio-economy in the spirit of Resolution No. 11 to be most effective, the entire political system must be involved. The VBSP always needs support and direction from the Provincial Party Committee, the Provincial People's Committee and departments and branches to accompany the implementation of the program and the socio-political organizations entrusted at all levels in evaluating beneficiaries must be truly impartial, leaving no one behind. Coordinate with the local VBSP to organize the disbursement of capital to the right subjects, as quickly as possible, and use the loan capital for the right purpose" - Mr. Tran Khac Hung shared.