On the morning of May 15, at the Provincial Cooperative Union, the Economic - Budget Committee of the Provincial People's Council continued to supervise the management and use of funds from the state budget in the province for the period 2017 - 2023.
The Economic - Budget Committee of the Provincial People's Council supervises the management and use of funds originating from the state budget at the Cooperative Union.
The provincial cooperative development support fund was established in 2018 to support cooperatives, cooperative members, and cooperative unions in developing production and business activities, improving productivity, quality, and operational efficiency. The total capital of the fund as of December 31, 2023 is VND 18.3 billion. From 2019 to 2023, the fund will provide loans to 74 production development projects, with a loan term of 3 years and a stable interest rate of 5.13%/year. To date, the debts to be recovered include: debts in the period of VND 8.4 billion for 35 projects; overdue debts of VND 350 million for 3 projects; bad debts of VND 665.5 million for 4 projects. The Fund takes many measures to handle bad debt such as sending monthly overdue debt notices to borrowers and asset handling notices to asset owners, regularly and continuously.
The Cooperative Alliance recommends that the province continue to pay attention to and create conditions to supplement capital from the annual budget for the fund; promptly complete human resources and means of operation; arrange local budget to supplement charter capital for the Cooperative Development Support Fund in the period of 2026 - 2028 according to the Project on rearranging the organization and operation of the Cooperative Development Support Fund of Cao Bang province; prioritize supporting resources for cooperative development from the province's project programs.
Concluding the working session, the head of the monitoring delegation suggested: The Provincial Cooperative Union should provide additional information and specific assessments of the fund's performance through the projects that have been implemented for loans; some difficulties and obstacles in implementing regulations and lending procedures; strengthen the review work, ensure the effective use of capital, for the right purposes, and for the right subjects; focus on administrative reform, simplify lending procedures to promote the effectiveness of capital sources.
Quynh Nhu - Duc Thu
Source
Comment (0)