Thuong Xuan effectively promotes policy credit capital

With policy credit loans, many households in Thuong Xuan district have invested in livestock development, gradually escaping poverty.

Previously, many households in Luan Khe commune faced many difficulties due to lack of capital for production. With the attention of the State, people have access to policy credit capital to invest in production development, bringing economic efficiency, and escaping poverty. A typical example is the family of Mr. Do Viet Thanh, Hop Nhat village, thanks to capital from the Social Policy Bank of Thuong Xuan district, he invested in raising livestock, planting 9 hectares of acacia, bringing economic efficiency. Thanks to that, his family's life has gradually improved and escaped the list of poor households.

Mr. Do Viet Thanh said: "With a loan from the Social Policy Bank of Thuong Xuan district and participation in science and technology transfer training courses organized by Luan Khe commune, my family has boldly invested in production development, initially bringing economic efficiency. This is the driving force that helps my family continue to develop the economy and get rich on our homeland."

"Up to now, Luan Khe commune has 820 households receiving preferential credit loans with a total entrusted debt of nearly 47 billion VND. To promote policy credit capital, the commune has directed mass organizations to focus on disseminating to people about the significance of policy credit capital. At the same time, it guides people to use capital effectively and reasonably; mobilizes households to actively participate in training courses on transferring science and technology so that people have knowledge to apply in production, create jobs, and increase income for their families. Currently, this capital source is promoting its effectiveness, contributing significantly to the work of sustainable poverty reduction in the commune," Mr. Luong Van Thach, Chairman of the People's Committee of Luan Khe commune, shared.

Currently, the Thuong Xuan District Social Policy Bank implements 13 policy credit programs for poor households, near-poor households and other policy beneficiaries. The capital source is entrusted through the Veterans Association, Women's Association, Farmers' Association, Youth Union with 263 savings and loan groups. From preferential capital sources, thousands of poor households, near-poor households and other policy beneficiaries have the conditions to invest in production development, business, housing construction, and sanitation works. The whole district has 11,441 households receiving loans, with a total outstanding debt of over 761 billion VND. The Thuong Xuan District Social Policy Bank has well implemented lending programs according to regulations, ensuring the effective use of loan capital. From 2024 to present, from policy credit capital sources, jobs have been created for 4,933 workers; 1,902 clean water works have been upgraded and repaired; contributing to reducing the poverty rate of Thuong Xuan district to 9.40%.

Mr. Do Hoai Nam, Director of Thuong Xuan District Social Policy Bank, said: Promoting the achieved results, Thuong Xuan District Social Policy Bank continues to closely follow the programs, goals, and socio-economic development plans of the district to effectively implement credit programs. Timely disbursement to beneficiaries according to the plan, completing the policy credit growth target assigned by superiors. Strengthening the inspection and supervision of the implementation of preferential credit policies in communes, savings groups, and entrusted socio- political organizations, to ensure that policy credit capital is delivered to the right beneficiaries. Thereby, contributing significantly to the implementation of the goal of sustainable poverty reduction and ensuring social security in Thuong Xuan District.

Article and photos: Xuan Cuong

Source: https://baothanhhoa.vn/thuong-xuan-phat-huy-hieu-qua-nguon-von-tin-dung-chinh-sach-251320.htm