Over 1,200 billion VND of capital from the budget entrusted for preferential loans

Identifying the important role of capital, up to now, the total provincial budget capital and district-level budget entrusted through the Vietnam Bank for Social Policies, Quang Ninh branch, has reached over VND 1,208 billion, an increase of VND 167.6 billion compared to the beginning of 2024 to implement policy credit programs in the province.

Officers of Tien Yen District Social Policy Bank check the use of policy credit capital of households.

Specifically, the capital entrusted from the provincial budget is 1,079.7 billion VND, an increase of 163.1 billion VND compared to the beginning of the year; the capital entrusted from the district budget is 128.5 billion VND, an increase of 4.4 billion VND compared to the beginning of the year.

This fund has supported 15,516 turns. Households and workers were given loans. Of which, 236 poor households, near-poor households, and households that had just escaped poverty were given loans to serve production and business; 197 people with meritorious services to the revolution and low-income people were supported to build new houses, repair houses, and buy social housing to live in and ensure settlement; 3,282 households borrowed capital to build clean water and sanitation works; 11,662 customers borrowed capital to create jobs, maintain and expand jobs; 52 households borrowed capital to support students in difficult circumstances to study; 48 households borrowed capital to create jobs for people who had completed their prison sentences; 28 households and individuals borrowed capital to plant large timber forests according to Resolution 337/2021/NQ-HDND; 01 cooperative was given loans.

Based on the provincial budget and the district-level budget entrusted in 2024, the Bank for Social Policies, Quang Ninh branch, has reported to the Central Government to arrange a counterpart fund of 180 billion VND in job creation loans. Currently, the bank has collected opinions, consulted and submitted to the Board of Directors of the Bank for Social Policies, Quang Ninh branch to assign the plan to the implementing units.

Along with that, currently, relevant departments, branches and units are completing procedures to allocate 288 billion VND of public funding to support production development to supplement and increase other development investment expenditures to entrust the Vietnam Bank for Social Policies to lend for production development according to Resolution No. 216/NQ-HDND dated July 10, 2024 of the Provincial People's Council on supplementing, adjusting and allocating the provincial budget estimate for 2024.

Source