Promoting the effectiveness of capital entrusted from local budgets

QTO - The addition of loan capital from the local budget entrusted through the Social Policy Bank (CSXH) of Quang Tri province in recent years has helped more and more people in need in the area to access preferential loans. Thereby, it not only creates conditions for them to invest in production, business, and increase income but also contributes to the effective implementation of national target programs on sustainable poverty reduction and new rural construction.

“Without the support from the Vinh Linh Social Policy Bank, I don’t know when my family would have been able to build a livestock model like this,” said Mr. Ho Van Ty (born in 1972), in Vinh Linh commune, while leading us on a tour of his family’s pig farm.

He started raising livestock about 20 years ago, but because of the small scale, his and his wife's income was not much. Later, with the guidance of the staff of Vinh Linh Social Policy Bank, Mr. Ty had access to programs such as: Loans for clean water and environmental sanitation; households newly escaping poverty and most recently, loans to support job creation, maintaining and expanding employment.

Thanks to that, the couple has the conditions to invest and develop the livestock model. From a small scale, up to now, Mr. Ty has expanded the herd to 70 pigs, including 14 sows. Besides pigs, the couple also raises goats, cows, chickens; and built a rice-fish model with an area of ​​about 1 hectare.

“On average, each year, the livestock and crop farming model brings my wife and I over 200 million VND. Our family’s life is gradually more stable than before. We not only have money to cover our living expenses and take care of our children, but also have capital to reinvest. We will make more efforts to effectively use the preferential loans that the locality and the State have supported,” Mr. Ty said excitedly.

Capital from the local budget entrusted through the Provincial Social Policy Bank helps many people access preferential loans - Photo: TP

Mr. Tran Ngoc Hoa (born 1990), in Dong Son ward, started raising bamboo rats in 2022. However, due to lack of experience and capital, he encountered many difficulties in the early stages of starting his business.

“I went to the northern provinces, to large bamboo rat farms to learn their farming methods, and at the same time imported bamboo rat breeds to raise. Regarding capital, through the Farmers' Association's trust channel, I was supported with a loan of 80 million VND from the loan program to support job creation, maintenance and expansion. This amount of money has helped me develop the herd and expand the scale of the bamboo rat farm,” Mr. Hoa shared.

His bamboo rat farm currently has about 500 bamboo rats with two main types: the mottled bamboo rat and the peach-cheeked bamboo rat. Compared to other farming models, raising bamboo rats does not require a large area or high capital. Bamboo rats are "afraid" of water, their food is mainly sugarcane, bamboo, and corn, so waste does not pollute the environment. Bamboo rats reproduce all year round, have good resistance, and are less susceptible to disease than many other livestock. It is known that normally each mottled bamboo rat can produce 3 children/litter with adults reaching about 2kg. Meanwhile, peach-cheeked bamboo rats produce 5-6 children/litter with a weight of about 3kg/adult. Depending on the weight, bamboo rats have different prices. Each year, the bamboo rat farm brings him a revenue of about 200 million VND.

Not only Mr. Ty or Mr. Hoa, recently, many households have had access to preferential capital from the local budget entrusted through the Provincial Social Policy Bank. In order to supplement capital sources and proactively implement preferential credit loan programs of the Government , the Representative Board - Board of Directors of the Provincial Social Policy Bank has regularly advised on promoting the implementation of plans of the Provincial Party Committee and Provincial People's Committee. In addition, the unit has strengthened the direction of the transaction office systems of the Social Policy Bank at all levels to actively coordinate with the financial and planning agencies, advise the People's Committee to submit to the People's Councils at all levels to review the balance and arrange capital transferred to the Social Policy Bank.

Mr. Hoa's bamboo rat farming model achieves high productivity and economic efficiency - Photo: TP

In particular, after the issuance of Directive No. 40-CT/TW dated November 22, 2014 of the Secretariat on strengthening the Party's leadership over social policy credit, local budget capital entrusted to banks has increased over the years. In the first 9 months of 2025 alone, local budget capital entrusted through the Social Policy Bank reached 571.8 billion VND, an increase of 123.7 billion VND compared to 2024, completing 137.47% of the assigned growth plan. Among the lending programs using capital entrusted from the local budget, the lending program to support job creation, job maintenance and expansion accounts for the largest proportion. Thereby helping people increase their income, improve their lives, limit usury and black credit in rural areas, contributing to the increasingly sustainable development of policy credit activities.

Director of the Provincial Social Policy Bank Tran Duc Xuan Huong informed that in order to mobilize financial resources to achieve many results, the Provincial Social Policy Bank always closely follows the goals and orientations of the Central Social Policy Bank and flexibly applies mechanisms and policies on capital mobilization in accordance with regulations for implementation, contributing to reducing subsidies for the state budget. From the additional capital, the entrusted associations and organizations, the People's Committees of the communes coordinate with the bank to organize the review of loan subjects to ensure compliance with regulations, speed up the disbursement progress according to the assigned targets. Thanks to that, the lending programs are implemented continuously and stably.

“The capital from the local budget entrusted through the Social Policy Bank plays a very important role because the more abundant and diverse the capital, the better it can meet the borrowing needs of beneficiaries. In the coming time, the Provincial Social Policy Bank will continue to advise and effectively implement Directive No. 39-CT/TW, dated October 30, 2024 of the Secretariat on improving the effectiveness of social policy credit in the new period. In particular, it will strengthen the addition of resources entrusted from the local budget; focus on directing the effective implementation of capital mobilization targets, associated with accelerating the timely and effective disbursement of loan programs, making an important contribution to the effective implementation of the policies, goals and tasks set by the Party and the State on poverty reduction, job creation, human resource development, ensuring social security, political stability and economic growth,” said Ms. Huong.

Truc Phuong

Source: https://baoquangtri.vn/kinh-te/202511/phat-huy-hieu-qua-nguon-von-uy-thac-tu-ngan-sach-dia-phuong-d532f69/