Proposal to amend regulations on management of entrusted capital for policy loans

In order to meet practical requirements and be consistent with the new policy system, the Provincial Bank for Social Policies (BSP) is advising the Provincial People's Committee to amend and supplement the Regulations on management and use of local budget capital entrusted through the BSP, issued together with Decision No. 38/2017/QD-UBND and Decision No. 17/2018/QD-UBND.

Staff of the Transaction Office of the People's Credit Fund of Xuyen Moc district conduct transactions for customers to borrow capital.

After nearly 9 years of implementation, many contents of the two decisions mentioned above are no longer consistent with the new regulations. The draft revised Decision focuses on the following contents: updating the borrowers according to the new regulations; adjusting the purpose of capital use, term, and interest rates; perfecting the process of handling risky debts; reallocating revenue from loan interest; clarifying the responsibility for coordination between agencies and the mechanism for adjusting the budget when a shortage of reserve funds arises.

The amendment aims to improve the efficiency of managing entrusted budget capital, ensure consistency with central policies, contribute to the effective implementation of policy credit programs, promote poverty reduction and ensure sustainable social security at the local level.

NHAT MINH

Source: https://baobariavungtau.com.vn/kinh-te/202506/de-nghi-sua-doi-quy-dinh-quan-ly-von-uy-thac-cho-vay-chinh-sach-1044206/