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Bringing credit closer to the people

TQO - On November 22, 2014, the Party Central Committee Secretariat issued Directive No. 40-CT/TW on strengthening the Party's leadership over social policy credit, affirming a consistent viewpoint in orientation. awareness of social policy in poverty reduction, creating jobs, and ensuring social security.

After 10 years of implementation, policy credit capital has been strengthened, opened up, and brought closer to the people.

Policy credit capital has helped support startups, production and business development with long loan periods and preferential interest rates, which is a driving force to help poor households and policy beneficiaries borrow capital for economic development, create jobs, improve lives, and limit poverty.

In Tuyen Quang, by the end of the first quarter of 2024, total implemented policy credit capital reached VND4,295.7 billion, an increase of VND518.2 billion over the same period last year, reaching 98.3% of the plan. Loan sales made in the first 3 months of 2024 reached over VND317.2 billion, with 5,880 customers receiving loans.

In particular, it focuses on a number of credit programs such as: lending to poor households program; near-poor household program; program for new households escaping poverty; production and business households in difficult areas; job creation support program; rural clean water and environmental sanitation program, etc.

This has shown the high determination of Party Committees and authorities at all levels in implementation so that capital resources bring positive results, contributing to promoting economic development, sustainable poverty reduction, and building new rural areas.

Phuong Dong

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