In 2023, implementing the Resolution of the Board of Directors, the orientation of the Bank for Social Policies, the Provincial Party Committee, the Provincial People’s Committee, the Board of Representatives of the Board of Directors of the Bank for Social Policies (BOD of the Bank for Social Policies) of the province has actively directed Direct the implementation of preferential credit plan targets assigned by superiors, contributing to the implementation of National target programs on sustainable poverty reduction, new rural construction, and regional socio-economic development. ethnic minorities and mountainous areas; create jobs, ensure social security and limit black credit activities in the entire province.
Bac Kan people were excited to receive the loan book from the Social Policy Bank of Bac Kan province to implement household economic development. Photo: Bank for Social Policies of Bac Kan province
Specifically, operating results in terms of capital, total capital in 2023: 3,298 billion VND, an increase of 493 billion VND compared to December 31, 2022, growth rate of 17.58%. In there: Balanced capital from the Central Government is 2,927 billion VND, an increase of 450 billion VND compared to December 31, 2022, accounting for 88.75% of total capital. Locally mobilized capital is 309.6 billion VND, an increase of 30.5 billion VND compared to December 31, 2022, completing 101.7% of the assigned plan target; accounting for 9.39% of total capital. Local investment trust capital: 61.4 billion VND, an increase of 12.4 billion VND compared to December 31, 2022 (10 billion VND transferred by People’s Committees at all levels in 2023; 2.4 billion VND extracted from interest earned in year); accounting for 1.86% of total capital.
Effectiveness of loan capital to implement the cow raising model at Ms. Giang Thi Bao’s family, Na Ta village, Thuong Giao commune, Ba Be district, Bac Kan province. Photo: Bank for Social Policies of Bac Kan province
As a result of the growth of outstanding credit debt, Bac Kan province was assigned by the General Director the target of outstanding debt growth of 504.9 billion VND to deploy lending for policy credit programs in the area. Of which: 194.9 billion VND to increase loan balance of credit programs in 2023 and 310 billion VND to increase policy credit balance according to Resolution No. 11/NQ-CP; The Provincial People’s Committee, districts and cities transferred entrusted capital from the budget (including the additional portion from interest revenue) of 11.26 billion VND.
Based on the Decision of the General Director and the Provincial People’s Committee, the Branch promptly advised the Head of the Board of Directors Representative of the Provincial Bank for Social Policies to issue a Decision to assign and adjust targets for units, and at the same time direct the units. Advises the Board of Directors Representatives of VBSP at the same level to direct the implementation of capital mobilization and loan disbursement for social policy credit programs in the area.
A meeting of the Savings and Loan group in Thom Meo village, Xuan La commune, Pac Nam district (Bac Kan province) managed by the Women’s Union. Photo: Bank for Social Policies of Bac Kan province
Loan turnover in 2023 will reach 1,141.7 billion VND, an increase compared to the same period in 2022 of 35.7 billion VND; loaned 18,621 customers; Debt collection revenue: 647 billion VND, an increase compared to the same period in 2022 of 35 billion VND; Debt cancellation revenue: 215 million VND.
Along with that, the total outstanding debt in 2023 reaches 3,292.2 billion VND, an increase of 494.6 billion VND compared to 2022, a growth rate of 17.68%, completing 99.88% of the target of credit programs. assigned by the General Director and Provincial People’s Committee (515.6 billion VND/516.2 billion VND). With 45,406 poor households, near-poor households and other policy beneficiaries with outstanding debt, the average outstanding debt is 72.5 million VND/household.
Results of implementing Resolution No. 11/NQ-CP dated January 30, 2022 of the Government, outstanding debt: 550.8 billion VND, with 7,667 customers with outstanding debt. In which: Outstanding loans to support job creation, maintenance and expansion of jobs is 380 billion VND, with 5,049 employees having outstanding loans; Outstanding loan balance for students in difficult circumstances to buy computers and online learning equipment is 11.25 billion VND, with 873 households borrowing loans for 1,125 students; Outstanding loans for Social Housing are 89.01 billion VND, with 232 households having outstanding loans; dDebt for loans to non-public primary and preschool educational establishments is 0.93 billion VND, with 20 establishments having outstanding debt; Outstanding loans to ethnic minority and mountainous areas are 69.61 billion VND, with 1,493 households having outstanding loans.
Fruit tree planting model in Ha Hieu commune, Ba Be district, Bac Kan province. Photo: Bank for Social Policies of Bac Kan province
Bac Kan Provincial Bank for Social Policies branch disbursed loan capital for policy credit programs with 2% interest rate support reaching 1,571.1 billion VND, for 28,958 customers; Implemented settlement of interest rate support with a total amount of 28.6 billion VND. In which the amount of interest rate support in 2022 is 8.1 billion VND, the amount of interest rate support in 2023 is 20.5 billion VND.
Regarding capital efficiency, in 2023, the loan amount will be 1,141.7 billion VND, with 18,621 households borrowing capital. In particular, we focus on disbursement of a number of loan programs: Loans to poor households of 228 billion VND/3,864 households; lending to near-poor households 70 billion VND/1,084 households; Loans for households newly escaping poverty are 47 billion VND/614 households; lending to production and business households in difficult areas 188 billion VND/3,343 households; Loan for clean water and rural environmental sanitation 58.5 billion VND/2,997 households; loans to create jobs of 404 billion VND/4,962 workers.
Helped 128 students get loans to cover study expenses; Construction and renovation of 5,853 clean water and sanitation works; create jobs for 4,962 workers from loan capital to create jobs; 620 workers went to work abroad for a limited time; Support poor households to build new houses for living according to Decree No. 28/2022/ND-CP for 761 houses; Support beneficiaries of social housing policies according to Decree No. 100/2015/ND-CP to repair and build new houses for 128 houses…
Mr. Hoang Dinh Nhuan, Deputy Director of Bank for Social Policies of Bac Kan province visited the vermicelli production facility in Yen Duong commune, Ba Be district, Bac Kan province. Photo: Bank for Social Policies of Bac Kan province
Mr. Ha Sy Con, Director of the Bac Kan Provincial Bank for Social Policies Branch, said that the loan capital of the Bank for Social Policies has become a solid fulcrum for poor households, near-poor households and other policy beneficiaries, creating premise as well as motivation to help households in the province stabilize their lives, making an important contribution to implementing national target programs on sustainable poverty reduction, building new rural areas, and economic development. – society, implementing social security, promoting local socio-economic development and limiting black credit activities in the province.
“Through the inspection and supervision of members of the Representative Board, it has been shown that local authorities, commune-level poverty reduction boards, entrusted socio-political organizations and Savings and Loan Groups (TK&VV) has focused and paid attention to the activities of the Bank for Social Policies, grasped and promptly deployed the Party and State’s guidelines and policies on policy credit for lending to poor households, near-poor households, households just escaping poverty, and education. students and other policy beneficiaries. Savings and Loan Groups carry out loan reviews for the right beneficiaries, borrower households use the capital for the right purpose, promoting the effectiveness of the loan”, Mr. Con adds.