Strengthening inspection and supervision to ensure the effectiveness of policy credit capital sources

Officers of the Bank for Social Policies of Dien Bien province inspect policy credit capital sources in Cha Cang commune (Nam Po district).

Checking, comparing loan books and checking the actual use of loans by households, savings and loan groups at the grassroots level... are regular activities of the Board of Directors of the Provincial Social Policy Bank. Thereby, evaluating the effectiveness of capital use by borrowers; collecting and handling due debts, overdue debts, coordinating to promptly handle difficulties and problems. Right from the beginning of the year, the Board of Directors of the Provincial Social Policy Bank issued a program, inspection and supervision plan, assigned tasks and assigned specific areas to members.

Mr. Tran Ngoc Nam, Deputy Director of the Dien Bien Provincial Bank for Social Policies, said: In 2023, the inspection and supervision work will be carried out seriously, fully and effectively. Associations and unions at all levels have proactively developed implementation plans from the beginning of the year, with sufficient contents and inspection subjects according to the Agreement and the Entrustment Contract with the Bank for Social Policies, such as: Propaganda and mobilization work; supervision and evaluation of loans at the Savings and Credit Group; inspection work according to the plan, inspection after lending; participating in supervising commune transaction sessions; urging the heads of the Savings and Credit Groups to properly implement the authorization contract and the process of collecting interest and savings, regularly checking the use of loans by borrowers; coordinating the handling of overdue debts and bad debts; archiving of records and books, etc.

The Provincial Social Policy Bank always focuses on inspecting and supervising the credit policy capital entrustment activities at the grassroots level. In the photo: The Provincial Social Policy Bank held a conference to summarize the entrustment activities in 2023 and deploy tasks in 2024.

In 2023, the Provincial Bank for Social Policies conducted interdisciplinary inspections in 4 districts: Dien Bien, Tuan Giao, Tua Chua, and Nam Po. The inspection showed that the savings and loan groups basically operated well, the group management board met the work requirements; the inspected borrowers all used the capital for the right purposes and effectively. The organizations receiving the entrusted loans coordinated with the Bank for Social Policies to implement preferential credit policies in the area, fully implementing the entrusted contents. Pay attention to consolidating and improving the quality of operations of savings and loan groups, actively participating in meetings with the Bank for Social Policies. The inspected unit regularly paid attention to policy credit activities, did a good job of confirming the right borrowers, monitoring the use of loans and recovering capital.

In 2023, the Bank for Social Policies will coordinate with local Party committees, authorities, associations, and entrusted organizations at all levels, savings and credit groups, and village (hamlet) chiefs to promptly review, prepare records; check, summarize and submit for debt settlement in 2 phases with 128 items, principal amount of 3,772 billion VND. Of which: 104 items will be deferred, principal amount of 3,006 billion VND; 24 items will be cleared, principal amount of 766 million VND. Notice of approval for debt settlement in phase 2/2022 and phase 1/2023, total of 137 items, principal amount of 8,651 billion VND (111 items will be deferred; 26 items will be cleared). In addition, the Bank for Social Policies will review and urge debt collection for borrowers who have left their place of residence according to regulations. In 2023, the whole province handled 53 customers, with a total amount of 1,558 billion VND.

Dien Bien Dong District Social Policy Bank Transaction Office disseminates credit policy programs to people of Na Son commune.

The Farmers' Association of Tuan Giao district manages 80 savings and credit groups with over 3,266 borrowers, with outstanding loans of 179 billion VND. In recent years, the Association has focused on inspecting and supervising the lending of preferential credit capital under entrustment. Thereby preventing capital misappropriation; at the same time, guiding and supporting borrowers to use capital for the right purposes, contributing to improving the efficiency of mobilizing savings deposits and the quality of loan entrustment activities in the area. From there, many more economic models, cooperative groups, and cooperative groups with effective production and business activities have been developed, the number of poor households has decreased, creating jobs, building new rural areas, and ensuring social security.

The Board of Directors of the Social Policy Bank of Dien Bien Dong district inspected and supervised the credit policy capital entrustment activities in Pu Nhi commune.

Mr. Pham Huu Chien, Chairman of the Farmers' Association of Tuan Giao district, said: In the coming time, the Association will continue to strengthen the inspection work of the superior association on the subordinate association; inspect the activities of the Savings and Credit Group, inspect the use of capital by borrowers. Actively coordinate with the Bank for Social Policies and related units to implement measures to recover overdue debts, outstanding interest debts, and debts due to borrowers leaving their place of residence. Coordinate in organizing training, coaching, and fostering for officers assigned to manage and monitor the trust program and the leaders of the Savings and Credit Group. Strictly implement the information and reporting regime, participate in monthly transactions, thereby promptly evaluating the results of the annual trust implementation. Fully participate in loan review meetings, grasp the subjects in need of loans, to ensure the right subjects for loans; inspect borrowers after disbursement to ensure proper use; timely detect and recover loans used for improper purposes and loans on behalf of households.

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