On the morning of October 24, the Board of Directors of the Provincial Bank for Social Policies held a conference to evaluate the performance of the first 9 months of the year and deploy directions and tasks for the fourth quarter of 2023.
Comrade Tong Quang Thin, Member of the Provincial Party Standing Committee, Permanent Vice Chairman of the Provincial People's Committee, Head of the Board of Directors of the Provincial Social Policy Bank attended and chaired the conference.
Also attending were members of the Board of Directors of the Provincial Social Policy Bank and provincial-level entrusted organizations, and Directors of the branches of the Social Policy Bank in districts and cities.
In the first 9 months of the year, the Board of Directors of the Provincial Bank for Social Policies continued to advise local Party committees and authorities to effectively implement Directive 40-CT/TW, Conclusion No. 06-KL/TW of the Central Party Secretariat and Decision No. 1630/QD-TTg dated September 28, 2021 of the Prime Minister on strengthening the Party's leadership over social policy credit.
By September 30, 2023, the total capital transferred by People's Committees at all levels to the Vietnam Bank for Social Policies to supplement loans for poor households and policy beneficiaries was VND 94.7 billion, reaching 236.7% of the assigned plan.
Of which, the provincial budget allocated 75 billion VND; the district and city budget was 19.7 billion VND. By September 30, 2023, the total implemented capital was 3,612 million VND, reaching 99.3% of the plan, an increase of 295 million VND compared to the beginning of the year.
Loan turnover reached 755 million VND with 16,438 poor households and other policy beneficiaries receiving loans. Total outstanding loans reached 3,606 million VND, an increase of 294 million VND compared to the beginning of the year.
Regarding the direction and tasks of the fourth quarter of 2023: Continue to advise the People's Committee at the same level in developing plans and arranging the budget capital estimates for 2024, entrusting the Bank for Social Policies to supplement capital for lending to poor households and policy beneficiaries in the area. Organize the implementation to complete 100% of the assigned credit plan targets.
At the same time, strengthen communication and information work, focusing on propaganda so that borrowers understand and properly and fully fulfill their obligations when borrowing capital from the Bank for Social Policies.
Strengthen inspection and supervision, especially inspection and supervision of the areas in charge of members of the Board of Directors of the Vietnam Bank for Social Policies at all levels.
At the conference, delegates discussed and evaluated the results achieved. They reviewed the limitations and proposed some solutions to improve the performance of the Representative Board in the fourth quarter of 2023.
In particular, strengthening inspection and supervision work, especially inspection and supervision of the areas under the responsibility of members of the Board of Directors of the Bank for Social Policies at all levels; consolidating and improving credit quality in the area.
Concluding the conference, Standing Vice Chairman of the Provincial People's Committee Tong Quang Thin highly appreciated the results achieved by the Board of Directors in the first 9 months of the year.
He requested that in the coming time, members of the Board of Directors continue to promote their roles and responsibilities, perform well their assigned functions and tasks; step up propaganda work to implement Directive No. 40-CT/TW on strengthening the Party's leadership over social policy credit, contributing to improving people's lives.
He suggested that the Department of Finance, based on the ability to balance the provincial budget, advise the Provincial People's Committee to arrange local budget capital entrusted to the Bank for Social Policies to supplement capital for lending to poor households and policy beneficiaries in the area.
The Department of Planning and Investment needs to coordinate with relevant units to advise the Provincial People's Committee to arrange additional capital for the medium-term public investment plan for the period 2021-2025, entrusted to the Bank for Social Policies to supplement capital for lending to poor households and policy beneficiaries.
The Department of Labor, War Invalids and Social Affairs needs to advise the Provincial People's Committee to issue a Decision approving the plan for managing and using budget capital entrusted through banks to support start-up loans and develop production and business for young people in the province. Coordinate with relevant units to grasp the loan needs of poor households and policy beneficiaries in 2024.
For the Department of Agriculture and Rural Development, it is necessary to closely cooperate with the Bank for Social Policies to link investment in models and projects for agricultural and new rural economic development with social policy credit capital, promote agricultural and fishery extension activities, and technology transfer.
For the Provincial Social Policy Bank, continue to advise the Central Social Policy Bank to arrange capital sources to implement preferential credit policies in the area. Focus on coordinating with relevant units to disburse according to the plan targets to implement Resolution No. 11 of the Government . Coordinate with the Provincial Police and relevant units to implement lending policies for people who have completed their prison sentences to ensure loans are given to the right beneficiaries.
For the entrusted levels of the Association, it is necessary to closely coordinate with the Bank for Social Policies and local authorities in consolidating and improving the quality of social policy credit activities in the area. Continue to strengthen propaganda work on the Party and State's policies and guidelines on preferential credit for poor households and policy beneficiaries.
Hong Nhung - Anh Tuan
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