Thanks to access to loans under the Government's Decree 36/2022/ND-CP dated May 30, 5 on interest rate support (HTLS) of 2022%/year for loans at the Bank for Social Policies (VBSP) under the program of economic recovery and development, many households in Thuong Xuan district have the conditions to invest in expanding production and business development, and increasing their income.
Thanks to the loan interest rate subsidy of 100 million VND from the VBSP, the family of Mr. Le Van May, Thong Nhat 3 village, Xuan Duong commune invested in growing cantaloupe, bringing good economic results.
Previously, on an area of 3.000m2 of garden land, Mr. Le Van May, Thong Nhat 3 village, Xuan Duong commune specialized in growing sugarcane, but the yield was low, the income was not high, the profit was only 10 million VND/year. Realizing that the model of growing cantaloupe in a net house is highly effective, in early 2022, his family decided to borrow VND 100 million with a support of 2% interest rate/year from the Transaction Office of VBSP in Thuong Xuan district to invest in growing melons. Through the first 2 melon crops, his family harvested 12 tons of cantaloupe, after deducting expenses, for an income of over 100 million VND/crop, 3 crops a year.
Thanks to access to HTLS capital with the amount of VND 100 million from the Transaction Office of VBSP in Thuong Xuan district, the 3,7 ha area planted with green thorns of the family of Mr. Le Van Son, Tan Lap village, Xuan Duong commune has good care conditions, promising a high yield and efficient harvest. Mr. Son said: “After being propagated by the leader of the savings and loan group (Account & VV) about the interest rate reduction support program at the District VBSP Transaction Office, in February 2, my family made an application for a loan of 2023 million to plant under the production development loan program. With the support level of 100% interest rate/year, my family reduces the burden of paying interest every month, peace of mind for economic development. Although the area of green thorns is still close to 2 week before harvesting, according to the technical staff, the yield can reach 1 tons of thorns. With a purchasing price of 8-45 million VND/ton, after 47 months of planting and caring, the area of green hemp plants gives my family a profit of tens of millions of dong.
It is known that Decree 36/2022/ND-CP dated May 30, 5 of the Government on HLS 2022%/year, applicable to customers who borrow money from policy credit programs lent by VBSP, the time for implementation of LSSP is calculated from January 2, 1 to December 1, 2022 or when NHCS announces the end of implementation of LSSP as prescribed in the decree. Mr. Nguyen Van Chung, Deputy Director of the Transaction Office of VBSP in Thuong Xuan district, said: "In order to effectively implement the program, in addition to closely coordinating with the local government to closely direct the leaders of the savings and credit groups to propagate the Government's policy of VBSP to the people, the unit has also publicly posted the policy at the commune transaction points, and at the same time coordinated with the commune authorities to actively support the beneficiaries and facilitate the review. . In 31 and the first 12 months of 2023, the transaction office disbursed to 2022 borrowers, with a loan turnover of VND 4 billion 2023 million, total outstanding loans of VND 4.382 billion 116 million. Customers who receive credit support under Decree 655 in the district all use loans for the right purposes, improve their lives and have stable incomes.
Article and photo: Minh Ly
