Accordingly, up to now, 100% of villages, hamlets and neighborhoods in Thanh Hoa province have been covered by preferential credit, helping poor households have access to policy loans to develop the economy and improve their lives.
Specifically, in 2024, the total outstanding policy credit balance will reach VND 14,588 billion, an increase of VND 3,798 billion compared to 2021, with more than 252,000 poor households, near-poor households and other policy beneficiaries borrowing capital. Poor household lending program: outstanding debt reached VND 1,635 billion, an increase of VND 683 billion compared to 2021; near-poor household lending program: outstanding debt reached VND 3,150 billion, accounting for 22% of total outstanding debt, an increase of VND 273 billion compared to 2021, with nearly 48,000 customers with outstanding debt; newly escaped poverty household lending program: outstanding debt reached VND 2,847 billion, accounting for 20% of total outstanding debt, an increase of VND 633 billion compared to the outstanding debt of the newly escaped poverty household program in 2021, with nearly 42,000 customers with outstanding debt...
According to the People's Committee of Thanh Hoa province, the national target program on sustainable poverty reduction for the 2021-2025 period is consistent with the strategies, planning, and socio-economic development plans of the country and localities. The activities under the program have been and are being implemented to basically achieve the set goals and tasks, such as: The system of guiding and directing documents of the province is basically complete; basic difficulties and problems have been resolved; The management and operation mechanism is ensured to be consistent from the province to the grassroots level; Projects using public investment capital have been approved and disbursed on schedule; A number of projects and sub-projects using public investment capital have been implemented to support the poor, near-poor, and newly escaped poverty people; Local Party committees and authorities have integrated the activities of the Program into the local socio-economic development plans...
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Policy credit capital to support poverty reduction |
One of the localities that effectively implemented policy credit is the Quang Xuong District Social Policy Bank (BSP), contributing to poverty reduction and improving people's lives. As of the first months of 2025, the outstanding debt at the Quang Xuong District Social Policy Bank was 675,844 million VND, the number of households receiving loans was 13,214 poor households and other policy beneficiaries to develop production, livestock, improve life, and improve living conditions. The lending method is entrustment through political and social organizations, authorization with savings and loan groups...
Comprehensive policy credit coverage affirms the spread and effectiveness of poverty reduction support policies in Thanh Hoa. Up to now, key lending programs for poor households, near-poor households, and newly escaped poverty households have all seen significant growth in outstanding loans compared to 2021. At the same time, the debt collection rate is high, showing the ability to use capital effectively and the good debt repayment awareness of the people. The credit policy being implemented has a positive impact on social security and multidimensional poverty reduction.
Source: https://tienphong.vn/thanh-hoa-xoa-bo-hoan-toan-thon-ban-trang-ve-tin-dung-uu-dai-post1751063.tpo
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