Policy credit to support farmers

From policy credit capital, farmers in Vay Nua commune (Da Bac) developed a cage fish farming model to increase income.

Mr. Bui Van Tu's family, Vanh hamlet, Yen Phu commune (Lac Son) is a purely agricultural household with unstable income. He saw the potential of orange and grapefruit trees in his garden, but lacked capital to invest systematically and on a larger scale. Policy capital through the Bank for Social Policies, with the guidance and support of the district's Farmers' Associations, came to him. The loan of 150 million VND at that time was a valuable leverage. With capital, Mr. Tu focused on investing and expanding the area. By the end of 2016, from the initial small area, his family had 5 hectares of orange trees with nearly 2,400 trees, an annual orange output of nearly 17 tons, an income of nearly 800 million VND, and a profit of nearly 500 million VND after deducting expenses. From a low-income household, thanks to policy capital and effective methods, Mr. Tu's family has risen to become rich.

Mr. Tu's story is not unique. The source of social credit capital supported by the support of farmers' associations at all levels has been adding strength to the work of poverty reduction and stabilizing the lives of farmers' associations in all rural areas. Thereby, strengthening farmers' trust in the Party's guidelines and policies, and the State's policies and laws. The effectiveness is not only measured by economic figures, but also by social values, solidarity, and trust of farmers' associations in the association.

Farmers' Associations at all levels are not only a bridge on paper, but also closely follow the grassroots, disseminate policies, guide farmers from how to prepare documents to accompanying, providing technical training, and building models to use loans most effectively. Up to now, the total outstanding loan balance of the Social Policy Bank managed by provincial Farmers' Associations at all levels has reached over 1,357 billion VND, with 25,676 households borrowing capital, through 624 savings and loan groups. Although there are still debts that need to be recovered and handled, most of the groups are operating well, reflecting the strict management and awareness of debt repayment of the people when using capital for the right purpose.

Comrade Bui Duc Bien, Vice Chairman of the Provincial Farmers' Association, said: "The activity of entrusting credit capital for social policy through the Farmers' Association channel is one of the tasks that the Farmers' Association pays special attention to. The number of thousands of billions of VND in outstanding loans and tens of thousands of households receiving loans is not only a result, but also shows that policy capital is truly an effective lever, helping farmer members have the conditions to invest in production, escape poverty and strive to become rich legitimately. Through effective economic models built from capital sources, Farmers' Associations at all levels see more clearly the meaning of their work."

To make the flow of policy capital more and more smooth and effective, the Farmers' Associations at all levels are constantly improving the quality of entrusted activities, strengthening professional training for staff, and applying information technology in management and supervision. All of this is to ensure that every penny of capital reaching farmers is maximized in efficiency, contributing to building a more prosperous and fulfilling life, implementing the motto "leaving no one behind" right on their homeland.

Thu Hang

Source: https://baohoabinh.com.vn/12/201211/Tin-dung-chinh-sach-tiep-suc-cho-nong-dan.htm