Support for production and business households in difficult areas

Staff of the Thach Thanh Social Policy Bank inspected the use of policy capital in Van Du town.

The loan recipients of the program are non-poor households carrying out production and business activities in disadvantaged areas; this source of capital really provides effective support in working with local authorities to effectively implement the National Target Program on sustainable poverty reduction, new rural construction, job creation, and social security in Thach Thanh district, making an important contribution to effectively implementing socio -economic targets; narrowing the gap between regions, and limiting the situation of re-poverty.

To learn about the effectiveness of using loan capital from the production and business loan program in disadvantaged areas in the district, we were introduced by staff of the Thach Thanh Social Policy Bank to the family of Ms. Dang Thi Nuong in Dong Phu village, Thanh Tan commune. Ms. Nuong said: “Nearly 10 years ago, my family received loans from many preferential loan programs of the Social Policy Bank. In 2023, after escaping poverty, my family continued to borrow 100 million VND from the production and business loan program in disadvantaged areas, investing in buying 6 cows. After more than 2 years, the herd of cows increased to 10. From the money from selling cows, I invested in more intensive cultivation of forest planting areas, my family's life was stable, the economy developed, and my family's annual income reached more than 100 million VND".

Not only Mrs. Nuong's family, in recent times, thousands of households in Thach Thanh district have accessed loans from the production and business loan program in difficult areas to invest in, purchase materials, equipment, and means for production; buy plant and animal breeds; repair and build new production and business workshops; build and renovate livestock farms... Thereby, many models of getting rich from preferential loans have emerged, such as models of developing forest economy, planting, raising livestock, developing industries... From there, contributing to changing the lives of many households in difficult areas in the area.

Mr. Pham Quoc Phuong, Deputy Director of Thach Thanh Social Policy Bank, said: To effectively implement the program, every year, based on actual needs, the unit advises the Board of Directors of the district Social Policy Bank to allocate capital to communes and deploy it to villages and hamlets. During the implementation process, there is close coordination between the Social Policy Bank and local authorities, along with entrusted organizations and unions to actively promote the purpose and significance of the program; guide borrowers in completing application procedures, loan conditions, beneficiaries, loan amounts, loan terms, and interest rates; ensure that 100% of borrowers who have needs and meet the conditions will be granted loans according to regulations. All stages of lending, debt collection, interest collection, and savings collection are carried out right at the People's Committees of communes, helping policy beneficiaries to conveniently transact, saving time, transaction costs, and travel. Most borrowers use capital for the right purpose, and pay off part of the loan principal. In the coming time, we will take advantage of capital sources from the Central and local levels to fully meet and ensure that households with needs and conditions can borrow capital from this program. Along with that, the bank continues to closely coordinate with organizations at all levels to do a good job of propaganda; deploy lending activities and collect debts and interests in accordance with regulations; guide borrowers to use capital sources for the right purposes and effectively.

From the initial loan level of only 30 million VND/household, since the end of 2023, the Prime Minister has increased the loan level for the production and business loan program in disadvantaged areas to a maximum of 100 million VND/person. The increase in the loan level has motivated households to boldly borrow capital to do business, improve their lives, create a premise for building concentrated, large-scale production areas, and promote economic development in disadvantaged areas. By mid-May 2025, the whole district had 1,524 households using the program's capital with outstanding loans of over 87.7 billion VND. Thach Thanh Social Policy Bank has coordinated with the Party Committee, the commune government and associations and organizations to inspect, supervise and ensure that policy credit capital reaches the right beneficiaries and is used for the right purposes, creating favorable conditions for households in need of loans for production and business in difficult areas to access loans quickly, meeting the needs of investment in expanding production and business, and increasing income.

From the effective implementation of credit capital for production and business loans in difficult areas, it affirms the correctness and humanity of the program, creating motivation for households to implement effective farming and livestock models, business activities, and creating stable jobs for many rural workers.

Article and photos: Khanh Phuong

Source: https://baothanhhoa.vn/tiep-suc-cho-ho-san-xuat-kinh-doanh-vung-kho-khan-249350.htm