Research on mechanism to increase loan capital from National Employment Fund

(Baonghean.vn) - Nghe An voters proposed that the Government amend the loan mechanism for job creation from the National Employment Fund to suit actual conditions, in the direction of expanding loan subjects, increasing loan levels, and simplifying loan procedures.

Regarding this issue, the Ministry of Labor, Invalids and Social Affairs responded as follows:

Nam Dan District Policy Bank provides loans to poor households, documentary photo

On July 9, 2015, the Government issued Decree No. 61/2015/ND-CP on policies to support job creation and the National Employment Fund, according to which, the maximum loan amount for production and business establishments is 1 billion VND/project and not more than 50 million VND for 1 employee to be employed; for employees, the maximum is 50 million VND. At the same time, the loan process and procedures are amended to be simpler, creating convenience for borrowers.

Policy bank officers go to communes to handle procedures for people to borrow capital.

In response to voters' opinions, the Ministry of Labor, Invalids and Social Affairs will proactively coordinate with relevant ministries, branches and the Social Policy Bank to report to the Prime Minister to supplement capital sources for the National Employment Fund and study the mechanism for self-mobilization of capital for the Social Policy Bank to increase loan capital sources from the National Employment Fund.

Gia Huy (th)