Nearly 8 million households benefit from credit policies
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Nearly 8 million households benefit from credit policies (29/09/2019)
On September 23th, the Central Steering Committee of National National Target Programmes (NTPs) organized a national online conference to evaluate the role and effectiveness of credit policies in the implementation of sustainable poverty reduction goals. Deputy Prime Minister Vuong Dinh Hue - Head of Steering Committee chaired the conference. In Quang Nam, Vice Chairman Le Tri Thanh attended.
From 2016 until now, the Social Policy Bank  actively coordinated with the ministries and branches to advise the Government and the Prime Minister to improve mechanisms and policies related to credit policy. 
 
By the end of 2018, 43.02 percent of communes and 61 districts across the nation were recognised as new-style rural areas, laying the foundation to increase the ratio to 50 percent by 2019, completing the NA’s goal a year ahead of schedule.8 million households were granted loans from the Social Policy Bank, with loan turnover of more than 221 trillion VND; contributing to helping over 1.4 million households to overcome the povertyattracting and creating jobs for over 775 thousand laborers; nearly 200 thousand pupils and students in difficult circumstances are entitled to study loans; ...
 
Total capital mobilised for new-style rural area programme surged 50 percent from 2017. Of this, local budgets contributed 43.8 trillion VND (1.88 billion USD), half of the amount for 2011-2015.
 
Last year also witnessed impressive results in poverty alleviation, with the poverty rate falling to 5.38 percent in 2018 from 6.73 percent the previous year. This was the third consecutive year the poverty reduction target was completed and exceeded the target assigned by the NA.
 
In Quang Nam, from 2016 to August 2019, the loan balance was more than 4.5 trillion VND with more than 156 thousand poor households and other policy beneficiaries borrowing from the Social Policy Bank;  more than 39 thousand households surpass the poverty; 13,890 pupils and students in difficult circumstances to get loans to go to school; create jobs for 32,374 laborers ...
 

Translator: Nhat Ha

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