Management of social policy credit capital

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To ensure preferential capital reaches the right beneficiaries, which are poor and near-poor farmers, in addition to promoting information and propaganda, the Thanh Hoa Farmers' Association has participated as a member of the Board of Directors of the Social Policy Bank, and has been the head of the inspection and supervision team for entrusted loans at the units.

The association also coordinates with the social policy bank to organize training courses to foster and improve credit entrustment skills for its members. Regularly inspect and supervise to grasp the entrustment activities of the commune, the situation of loan use, and evaluate the debt repayment capacity of households after borrowing.

Mr. Le Anh Tuan, Chairman of Farmers' Association of Thuong Xuan district, Thanh Hoa province

Mr. Le Anh Tuan, Chairman of the Farmers' Association of Thuong Xuan District, Thanh Hoa Province said: " To manage the loan capital well, we direct the communes to review the borrowers; evaluate how to loan the right subjects, the right purposes. After disbursement, we direct the inspection after 30 days. At the beginning of the year, we build a plan to inspect and supervise all the loan groups, borrowers, and poverty reduction committees of the commune so that the capital reaches the people effectively."

As of April 30, 2024, the total outstanding debt of the social policy bank entrusted to the Thanh Hoa Farmers' Association was nearly 5 trillion VND, with more than 84 thousand farmer members borrowing. The good management of these preferential loan sources has been effective, creating leverage for farmer members to actively participate in production and business, increase income, improve life, contribute to job creation, and ensure social security in the area.

Source: 6pm News on May 26, 2024

Source: https://truyenhinhthanhhoa.vn/quan-ly-nguon-von-tin-dung-chinh-sach-xa-hoi-180240526173801935.htm