Nghe An: Loan sales for policy subjects increase sharply

Loan sales increased by 15%

Comrade Le Hong Vinh - Member of the Provincial Party Committee, Permanent Vice Chairman of the Provincial People's Committee, Head of the Board of Directors of the Provincial Bank for Social Policies chaired the meeting. Attending the meeting were leaders of the Bank for Social Policies, representatives of entrusted socio-political organizations. Photo: Thu Huyen

According to the report, as of June 30, 2021, the total capital reached VND 9,671 billion, an increase of VND 645 billion compared to 2020, achieving a growth rate of 7.15%. Loan turnover in the first 6 months of the year reached VND 1,905 billion, an increase of 15% over the same period last year. Of which, 13/20 credit programs are providing capital to poor households and otherpolicy object.

Some programs have large loan turnover such as: loan program for near-poor households of 508 billion VND, loan for households newly escaping poverty of 459 billion VND, loan for production and business households in difficult areas of 313 billion VND; loan to support employment of 115 billion VND,... 07/20 programs stopped providing preferential credit capital (due to the end of the implementation period), only debt collection was carried out.

Director of the Provincial Social Policy Bank Tran Khac Hung reports on the results of 6 months of operation. Photo: Thu Huyen

Debt collection turnover reached 1,267 billion VND, up 11% over the same period last year; debt collection turnover accounted for 66.5% of loan turnover, contributing significantly to creating a stable and proactive revolving loan source in the locality, meeting the borrowing needs of poor households and policy beneficiaries.

As of June 30, 2021, the total outstanding debt reached VND 9,643 billion/20 policy credit programs, achieving a growth rate of 7.05%, completing the credit growth target for 2021 according to the Resolution of the Provincial Board of Directors.

Representative of the Department of Labor, Invalids and Social Affairs speaking at the meeting. Photo: Thu Huyen

In January 2021, the Branch continued to disburse capital.support businessesin the area where workers have lost their jobs due to the impact of the Covid-19 pandemic. In addition, implementing the directives of the Vietnam Bank for Social Policies on supporting customers who have difficulty repaying loans due to the impact of the Covid-19 pandemic, the Branch has promptly implemented solutions to create favorable conditions for customers.

In the first six months of 2021, policy credit capital provided capital to 43,854 poor households and other policy beneficiaries. Policy credit continued to make important contributions to the province's socio-economic development in the first six months of 2021. With the achievements in the first six months of the year, the Emulation and Reward Council of the VBSP recognized and highly appreciated the results of the Nghe An Branch and was classified as having excellently completed its tasks (one of 15 branches that excellently completed their tasks in the first six months of the year).

Continue lending to employers to pay for severance pay

Standing Vice Chairman of the Provincial People's Committee Le Hong Vinh delivered a concluding speech at the meeting. Photo: Thu Huyen

After listening to the opinions of the members of the Board of Representatives, concluding the meeting, PVice Chairman of Provincial People's Committee Le Hong VinhRecognize and appreciate the results achieved, affirm the reputation of the CSXH Bank in the area..In the first 6 months of the year, the Covid-19 epidemic had a severe impact on the socio-economy of the country in general and Nghe An in particular, but closely following the Resolution of the Board of Directors and the regular Resolution of the Board, the Board of Directors' representatives at the provincial and district levels directed the branches of the Vietnam Bank for Social Policies and socio-political organizations entrusted at all levels to effectively implement the dual goals."both fighting the epidemic and fulfilling professional duties"Credit activities, loan assessment and credit quality management, savings activities through the Credit Promotion Group... continue to be maintained and implemented well.

Regarding the upcoming tasks, Vice Chairman of the Provincial People's Committee, Head of the Board of Directors of the Provincial Bank for Social Policies Le Hong Vinh requested the Board of Directors to continue to direct resolutely to organize and promptly implement the credit policy for lending to employers to pay for work stoppage wages and pay for production recovery wages for employees affected by the Covid-19 pandemic according to Resolution No. 68 of the Government and Decision No. 23 of the Prime Minister.

Giving farewell flowers to members who transferred to other jobs and retired according to the regime. Photo: Thu Huyen

Giving farewell flowers to members who transferred to other jobs and retired according to the regime. Photo: Thu Huyen

Provincial and district-level Social Policy Banks increase capital mobilization in the area, actively seek capital from the Central Government and do a good job of debt collection to maximize resources to meet the loan needs of poor households and other policy beneficiaries.

For socio-political organizations receiving the trust, it is necessary to strengthen the direction of grassroots units to do a good job of propaganda and mobilization for members to borrow capital and people to actively participate in monthly savings and savings at market interest rates at commune transaction points to ensure the completion of assigned plan targets.Directing the serious implementation of loan evaluation work to ensure publicity, democracy, correct subjects, correct records and procedures; not allowing overlapping lending programs, loans exceeding the limit, households with many people borrowing; closely following the situation of activities at the grassroots level to direct, urge debt collection, interest collection and timely debt settlement...

Thu Huyen