Quang Ngai: Preferential credit helps over 185,000 households overcome poverty

Tuesday, 20/09/2022 16:14
The Quang Ngai provincial People’s Committee has held a conference to review 20 years of preferential credit implementation under Decree 78 of the Government in the 2002-2022 period.
Awarding Certificates of Merit to collectives and individuals with outstanding achievements in the implementation of preferential credit policies. (Photo: nhandan.com.vn) 

Over the past 20 years, policy credit capital has helped more than 218,000 poor households, nearly 77,000 nearly-poor households and 22,000 newly-escaped households to borrow capital for production and business investment; create jobs for nearly 43,000 laborers working at home and abroad; nearly 164,000 students with difficult circumstances get loans to study; and build 183,000 rural clean water and sanitation works, creating conditions for people in rural areas to live hygienically and improve their quality of life.

In Quang Ngai, 23 credit programs are being implemented, with loan turnover of more than 12,400 billion VND, helping more than 680,000 poor households and policy households access preferential credit sources. The province’s total outstanding loans reached more than 4,370 billion VND, a 29.5-fold increase compared to 2002.

As a result, over the past 20 years, preferential credit has helped more than 185,000 poor households pass the poverty line, making an important contribution to the implementation of the sustainable poverty reduction target program and new-style rural construction in the locality.

In her speech at the event, Member of the Party Central Committee, Secretary of the Quang Ngai Party Committee, Chairwoman of the provincial People’s Council Bui Thi Quynh Van emphasized that social policy credit activities over the past time have helped the poor and policy beneficiaries to overcome the shortage of capital for production and business, create jobs, increase incomes, and escape poverty sustainably.

Aiming to continue to better implement Decree 78 of the Government in the new period, she suggested that every year, the People’s Councils and People’s Committees at province and district-level should allocate part of the local budget to supplement capital sources to entrust through the Vietnam Social Bank for Policies (VBSP) in the province to offer loans for policy beneficiaries.

 Donating 1 billion VND to build 20 houses for poor households with extremely difficult circumstances in Quang Ngai. (Photo: nhandan.com.vn)

On this occasion, the provincial People’s Committee presented certificates of merit to 50 collectives and individuals; and the Vietnam Bank for Social Policies awarded certificates of merit to 124 collectives and individuals with outstanding achievements in implementing policy credits for the poor and other policy beneficiaries in Quang Ngai.

In addition, the Vietnam Bank for Social Policy and VBSP’s Quang Ngai branch also donated 1 billion VND to support the construction of 20 houses for poor households with special difficult circumstances in the locality./.