Focus on better implementing policy credit programs

On the afternoon of April 26, the Board of Directors of the Thanh Hoa Provincial Bank for Social Policies (BOD of the Provincial Bank for Social Policies) held a regular meeting for the first quarter of 2024. Comrade Nguyen Van Thi, member of the Standing Committee 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.

Permanent Vice Chairman of the Provincial People's Committee Nguyen Van Thi spoke at the meeting.

In the first quarter of 2024, the Board of Directors of the Vietnam Bank for Social Policies actively and proactively advised local Party committees and authorities to effectively implement policy credit programs right from the beginning of the year, meeting the borrowing needs of poor households and policy beneficiaries. Direct inspection and supervision at the grassroots level were focused on, promptly correcting existing problems and errors in the implementation of preferential credit policies in the area.

From the beginning of the year to March 31, 2024, the total policy credit lending turnover reached VND 1,178.9 billion, with 22,000 poor households and other policy beneficiaries receiving loans. The total debt collection turnover reached VND 847.6 billion. The total outstanding debt of policy credit programs reached VND 14,125 billion, an increase of VND 331 billion compared to 2023 with nearly 251,000 customers with outstanding debt. Overdue debt and frozen debt was VND 18,559 million, accounting for 0.13% of total outstanding debt, 0.44% lower than the national average.

Director of Thanh Hoa Social Policy Bank Le Huu Quyen reports on policy credit activities in the first quarter of 2024.

From the policy credit capital, more than 8,300 poor households, near-poor households, and households that have just escaped poverty have borrowed capital of VND 606 billion to invest in economic development; nearly 1,400 households in difficult areas have borrowed capital of VND 101.3 billion to invest in production and business development; helped 159 workers borrow capital of VND 9.2 billion to go abroad; invested in nearly 8,400 households borrowing capital of over VND 168 billion to build and renovate 16,800 clean water and sanitation works that meet standards...

Director of Department of Labor - Invalids and Social Affairs spoke at the conference.

In addition, policy credit capital is always integrated with investment in developing OCOP products with local brands; providing practical support for localities to soon complete the criteria for building new rural areas and advanced new rural areas, supporting and creating new jobs for workers... contributing to stabilizing and developing the economy, ensuring social security, implementing national target programs for sustainable poverty reduction, building new rural areas and developing the economy - society in ethnic minority and mountainous areas.

Permanent Vice Chairman of the Provincial People's Committee Nguyen Van Thi delivered a concluding speech at the meeting.

Concluding the meeting, Standing Vice Chairman of the Provincial People's Committee Nguyen Van Thi acknowledged and highly appreciated the sense of responsibility of the members of the Board of Directors at the provincial and district levels; commended the efforts of the staff of the VBSP and the organizations receiving the trust in the past time.

He requested the Board of Directors of the People's Credit Fund at all levels to focus on directing the improvement of capacity and efficiency of social policy credit in the area. Continue to advise and organize the effective implementation of Directive No. 40-CT/TW of the Central Party Secretariat on strengthening the Party's leadership over social policy credit. Advise the Provincial People's Committee to issue documents directing relevant units and local authorities to implement Resolution No. 111/2024/QH15 dated January 18, 2024 of the National Assembly on the special mechanism of entrusting local budget capital through the People's Credit Fund system.

Members of the Board of Directors of the Vietnam Bank for Social Policies at all levels uphold the sense of responsibility, strengthen coordination, inspection and supervision at the local level; regularly monitor and grasp difficulties and obstacles in the process of implementing lending at the grassroots level. From there, timely solutions are found to remove difficulties, ensuring proper implementation of the State's preferential credit policies and guidelines for policy beneficiaries in the province.

The Standing Vice Chairman of the Provincial People's Committee assigned the Thanh Hoa Social Policy Bank to focus on implementing the credit plan targets for 2024; closely coordinate with provincial-level associations and organizations to direct the disbursement of assigned capital sources for growth and timely recovery of capital sources; avoid capital backlog, ensure the completion of assigned targets and plans as well as ensure credit quality in the area. At the same time, continue to support policy credit capital to help people invest in developing OCOP products, support and create new jobs for workers...

In the second quarter of 2024, the Board of Directors of the Vietnam Bank for Social Policies at all levels will focus on implementing well policy credit programs, promptly meeting the demand for loans for production, business, job creation, contributing to improving the lives of poor households, ethnic minority households and other policy beneficiaries.

Socio-political organizations strengthen coordination with the Vietnam Bank for Social Policies to implement solutions to improve the quality of policy credit in the area; improve the efficiency of commune-level transaction activities, build model commune transaction points, model savings and loan groups, and typical examples in implementing entrusted activities.

Khanh Phuong

Source: https://baothanhhoa.vn/tap-trung-trien-khai-tot-hon-nua-cac-chuong-trinh-tin-dung-chinh-sach-212703.htm