Tuong Duong: Nearly 55,000 poor households and policy beneficiaries receive loans for economic development

Attending the conference were comrades: Luong Van Khanh - Deputy Head of the Ethnic Minorities Committee of Nghe An province, Member of the Representative Board of the Provincial Social Policy Bank; Tran Khac Hung - Director of the Provincial Social Policy Bank branch; Nguyen Van Hai - Member of the Provincial Party Executive Committee, Secretary of the District Party Committee, Chairman of the People's Council of Tuong Duong district...

Conference to review 20 years of implementing Decree 78/ND-CP of the Government on credit for the poor and policy beneficiaries. Photo: Dinh Tuan

Implementing Decree No. 78/2002/ND-CP dated October 4, 2002 of the Government on credit for the poor and other policy subjects, in the past time, in Tuong Duong district, 44,665 poor households and policy families have received loans from the Social Policy Bank. Thereby, 6,780 households have been helped to overcome the poverty line, 3,150 workers have been trained in jobs from the national employment fund, 927 workers have been sent to work abroad, 1,795 students have received loans to study, support for the construction and renovation of 7,028 clean water and environmental sanitation works in rural areas, support for the construction and repair of 4,315 houses for poor households...

Comrade: Nguyen Van Hai - Member of the Provincial Party Executive Committee, Secretary of the District Party Committee, Chairman of the People's Council of Tuong Duong district presented the banner to the district's Social Policy Bank. Photo: Dinh Tuan

Policy credit capital has contributed to raising the average income per capita in the area to 36 million VND/person, reducing the poverty rate, and 5/17 communes and towns have reached the new rural finish line.

In the coming time, the district will continue to focus resources and effectively implement social policy credit programs in the district. Specific objectives: Effectively operate policy credit activities in the area, ensuring service provision to 100% of the poor and policy beneficiaries who are eligible and in need of loans; average annual outstanding loan growth of 6-8%, interest collection rate of over 98%, capital utilization efficiency of 99%, bad debt ratio of under 0.09%; focus on exploiting local capital sources (district), average growth of 400-500 million VND/year; focus on mobilizing savings from residents, striving for average growth of 5-7%/year; annual capital recovery rate of 90% to 95%; 100% of poor households and other policy beneficiaries who are in need and eligible for loans can borrow capital from the Social Policy Bank; Increase the average outstanding loan balance for the poor and other policy beneficiaries from 50 million VND/customer or more.

3 groups and 25 individuals who completed their tasks excellently were awarded Certificates of Merit by the Chairman of the District People's Committee. Photo: Dinh Tuan

On this occasion, the People's Committee of Tuong Duong district awarded Certificates of Merit from the Chairman of the District People's Committee to 3 collectives and 25 individuals with outstanding achievements in 20 years of implementing preferential policies according to Decree No. 78/2002/ND-CP dated October 4, 2002 of the Government, period 2002-2022, in Tuong Duong district.