Thang Binh district's policy credit has outstanding debt of more than 834 billion VND

(QNO) - This afternoon, January 16, Mr. Nguyen Van Huy - Vice Chairman of the People's Committee of Thang Binh district, Head of the Board of Directors of the District Social Policy Bank (CSXH) chaired the conference to summarize policy credit activities in 2023 and deploy tasks in 2024.

According to the report of the Transaction Office of the Social Policy Bank of Thang Binh district, the total capital as of December 31, 2023 is more than 871.2 billion VND. The total outstanding debt reached more than 834.4 billion VND (an increase of more than 132.4 billion VND compared to 2022, reaching 100% of the assigned plan; growth rate of 18.9%, higher than the average of the whole province of 15%) with 16 credit programs such as loans for poor households, near-poor households, newly escaped poverty households, job creation...

Mr. Nguyen Van Huy highly appreciated the policy credit activities in Thang Binh district in 2013. The district's Social Policy Bank Transaction Office quickly disbursed capital to the people; the interest collection rate in the quarter reached over 100% of the interest receivable; savings mobilization through savings & loan groups and through residential organizations increased to over 100% of the assigned plan.

The quality of policy credit has been strengthened. The operation of transaction points in communes increasingly serves the people better. Policy capital has contributed to the successful implementation of national target programs on poverty reduction, new rural construction, promoting economic development, and ensuring social security in the area.

Policy credit helps people in Binh Nam commune (Thang Binh) raise snails effectively. Photo: Q.VIET

Mr. Nguyen Van Huy said that in 2024, based on the capital allocated by the province, the Board of Directors directed the District Social Policy Bank Transaction Office to coordinate with departments, branches, unions, and People's Committees of communes and towns to organize and implement the assigned plan targets, striving for credit growth of 10-15% compared to 2023.

The People's Committees of communes and towns urgently review the people's demand for preferential credit loans and send them to the District Social Policy Bank Transaction Office to advise the Board of Directors to allocate capital to implement loans to meet the borrowing needs of people in the area.

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