Policy credit capital promotes new rural development

Quang Trach has quite favorable natural conditions for socio-economic development. However, at present, the district still has no town, the socio-economic infrastructure is underdeveloped, the economic structure is slow to shift, commodity production is still fragmented and small-scale, the rate of rural agricultural workers without stable jobs is still high. The local people's economy mainly depends on agriculture.

In order to reduce the poverty rate, improve socio-economic life and contribute to promoting the development of the new rural areas, in recent times, the Transaction Office of the Bank for Social Policies (PGD NHCSXH) in Quang Trach district has implemented many programs and activities of preferential loans to poor households and other policy beneficiaries. Thanks to that, people's lives have gradually improved; the appearance of the new rural areas has many changes.

Credit capital helps localities in the district complete the criteria in building new rural areas.

Ms. Tran Thi Thu Nga, Deputy Director of the Transaction Office of the Social Policy Bank of Quang Trach District, said: With the attention and direction of the District Party Committee, the People's Council - People's Committee of the district, the authorities of the communes and organizations in the network, the activities of the district Social Policy Bank have achieved many remarkable results in recent times. Policy credit programs have played an important role in supporting the poor, near-poor households and other policy beneficiaries in the district to develop production, business, improve their lives, and actively contribute to poverty reduction and new rural construction.

Over the years, the People's Council and People's Committee of the district have always paid attention to allocating a portion of the capital from the local budget entrusted through the Vietnam Bank for Social Policies to supplement the capital source for lending to the poor and other policy beneficiaries with a growth rate higher each year than the previous year. From 2020 to now, the capital source entrusted from the Vietnam Bank for Social Policies to lend to the poor and other policy beneficiaries has reached more than 19.5 billion VND.

The annual increase in local budget capital has promptly created jobs for rural workers; created conditions for those who have completed their prison sentences to access capital early, have jobs to become useful citizens for society. Policy credit capital also plays an important role in implementing the national program on job creation in rural areas.

From 2020 to present, credit capital has helped over 13,000 workers find jobs, over 1,200 students in difficult circumstances have received loans to study, over 8,000 clean water works and environmental sanitation works in rural areas have been built, helping over 1,200 poor households get loans to build houses and houses to prevent storms and floods. The results of policy credit activities of the Vietnam Bank for Social Policies have actively contributed to the implementation of the goal of poverty reduction, job creation and ensuring social security in the locality. The appearance of new-style rural agriculture is increasingly prosperous, economic growth is even between regions, and political and social stability. The number of communes meeting new-style rural standards has reached 13/16 communes so far.

In particular, savings and loan groups have been established in all villages with 292 groups, over 12 thousand households borrowing, creating a widespread policy credit network. Preferential credit capital has reached beneficiaries in all villages, contributing to helping nearly 5.7 thousand households escape poverty, reducing the poverty rate from 4.21% (in 2020) to 3.34% by the end of 2024.

As one of the poor households in Quang Chau commune, Mr. Nguyen Van Khoa was fortunate to access the loan package of the Vietnam Bank for Social Policies to invest in economic development. After a short time, his family's economy has had many positive changes. Mr. Khoa shared: His family used to be very difficult. Life was hard, having to earn a living from meal to meal. In 2020, the district branch of the Vietnam Bank for Social Policies created conditions for him to borrow 90 million VND. With a large amount of capital, he started investing in cattle farming. Thanks to learning from the experience of the commune's training sessions and the internet, from the initial 4 breeding cows, his family has taken care of and multiplied the herd to 15. The policy credit capital has helped change his family's life. From a poor household in the commune, up to now, his family has risen out of poverty and gradually has a stable income.

“Improving credit quality and the effectiveness of policy credit capital implementation is a long-term task, with continuous determination and determination. Therefore, in the coming time, the District Social Policy Bank Transaction Office will continue to strive to excellently implement assigned political targets and tasks to continue to make important contributions to sustainable poverty reduction and new rural construction, making Quang Trach homeland increasingly rich, beautiful and civilized”, said Ms. Tran Thi Thu Nga, Deputy Director of the District Social Policy Bank Transaction Office of Quang Trach District.

D.N

Source: https://baoquangbinh.vn/kinh-te/202505/von-tin-dung-chinh-sach-thuc-day-phat-trien-nong-thon-moi-2226157/