Nghe An: In 2021, nearly 70,000 policy beneficiaries were granted preferential credit capital.
(Baonghean.vn) - In 2021, policy credit capital provided preferential credit capital to 69,431 poor households and other policy beneficiaries, thereby helping 13,010 households escape poverty and 7,974 households produce and do business.
On the afternoon of January 19, the Board of Directors of the Vietnam Bank for Social Policies, Nghe An branch, held the 70th meeting to evaluate the performance results in 2021 and deploy tasks for 2022. Comrade Le Hong Vinh - Member of the Provincial Party Standing Committee, Permanent Vice Chairman of the Provincial People's Committee, Head of the Board of Directors' Representative Committee chaired the meeting.
In 2021, the Board of Directors (BOD) closely followed the direction of the Board of Directors,Social Policy BankThe Central, Provincial Party Committee, Provincial People's Committee, at the same time overcame difficulties to lead and direct the Social Policy Bank of Nghe An province to complete the goals and tasks set out for the year.
As of December 31, 2021, the total capital of the Vietnam Bank for Social Policies, Nghe An branch, reached VND 9,682 billion, an increase of VND 660 billion compared to 2020, achieving a growth rate of 7.32%. Loan turnover in 2021 reached VND 2,947 billion; 13/20 credit programs continued to be funded.
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| Director of the Provincial Social Policy Bank Tran Khac Hung reports on the 2021 performance results. Photo: Thu Huyen |
Sales programs continue to focus on programs with large audiences and needs such as:Loans for newly escaped poverty householdsreached 774 billion VND, loans for near-poor households reached 747 billion VND, loans for clean water and rural environmental sanitation reached 450 billion VND...
In particular, during the year, the unit disbursed capital to a number of enterprises to pay salaries to employees who had to stop and restore production due to the impact of the COVID-19 pandemic for 44 enterprises with an amount of more than VND 13 billion, paying salaries to 2,551 employees; restructuring debt repayment time for 4,149 customers/VND 93.5 billion affected by the COVID-19 pandemic...
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| Leaders of the Department of Labor, War Invalids and Social Affairs of the province spoke. Photo: Thu Huyen |
At the meeting, the participants requested the Nghe An branch of the Vietnam Bank for Social Policies to allocate sufficient capital for preferential loans to poor and near-poor households, to develop production and export labor; to strengthen coordination between the Nghe An branch of the Vietnam Bank for Social Policies and the Department of Labor, War Invalids and Social Affairs in providing loans to workers for labor export; to expand loans to groups of farmers who produce the same type of crops and animals to develop commodity production...
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| Standing Vice Chairman of the Provincial People's Committee Le Hong Vinh spoke at the meeting. Photo: Thu Huyen |
Concluding the meeting, Comrade Le Hong Vinh - Standing Vice Chairman of the Provincial People's Committee assessed that in 2021, the COVID-19 pandemic had a great impact on socio-economic development. However, with the solidarity and unity of the Party Committee, the government and the people of the province, the socio-economic situation achieved many remarkable results. In particular, the activities of the Social Policy Bank, Nghe An branch have made great contributions to hunger eradication, poverty reduction and socio-economic development.
In the coming time, the Standing Vice Chairman of the Provincial People's Committee, Le Hong Vinh, requested the Representative Board to review and approve the plan for allocating thecredit programto localities in a timely manner when the Central Bank for Social Policies assigns targets, ensuring quick disbursement of capital sources. The Board of Directors at the provincial and district levels develops and implements a suitable 2022 inspection plan, ensuring progress and quality...
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| Officials from the Con Cuong District Social Policy Bank inspect raw material areas of businesses affected by the COVID-19 pandemic to provide loans to restore production. Photo: Thu Huyen |
For the Social Policy Bank at the provincial and district levels, promote the mobilization of capital sources to meet the loan needs of poor households and other policy beneficiaries. Coordinate and advise the People's Committees at the district and commune levels to develop projects and models for sustainable poverty reduction to provide capital support for groups of people who have escaped poverty, create jobs using local budget capital to effectively implement the goal of sustainable poverty reduction and social security...
In addition, the Standing Vice Chairman of the Provincial People's Committee also requested the Representative Board to propose to the Central Government a number of solutions to develop the socio-economic situation of Western Nghe An; propose to increase the loan limit for a number of credit programs...
Goals of the Vietnam Bank for Social Policies, Nghe An province branch in 2022:
- Capital and outstanding debt growth reached 7-8% (increased by about 680 - 780 billion VND).
- Receive capital entrusted from local budget sources, striving to reach 33 - 35 billion VND.
- Good control of credit quality; overdue debt ratio remains at the same level as in 2021.
- Minimum profit margin of 95%.
