Credit capital accompanies farmers in economic development

12:13, 20/04/2024

BHG - With the motto of not leaving the poor and vulnerable behind, in recent times, capital from policy credit programs in Vi Xuyen district has truly become the "extended arm" of the Party, bringing the State's financial resources to provide preferential loans to poor households and policy beneficiaries. Thereby, actively contributing to the work of hunger eradication and poverty reduction, economic development as well as building new rural areas in the district.

Staff of the Social Policy Bank of Vi Xuyen district disburses loans to people of Linh Ho commune.

Director of the Vi Xuyen District Social Policy Bank Branch, Nguyen Khanh Nghi, said: In order to bring capital to the people, in 2024, the unit actively coordinated with political and social organizations in the district to entrust loans to 16 preferential credit programs with a total amount of 610 billion VND. Along with that, every month, the bank sends staff to the grassroots to directly carry out transaction work such as lending, collecting interest, collecting debts, disseminating new policies... Thanks to the implementation of transparency and ensuring democracy, capital has quickly reached disadvantaged people, helping them have conditions to develop the economy and escape poverty.

Ms. Ban Thi Duyen, a poor household in Phai village, Bach Ngoc commune, said: "My family was able to borrow 100 million to build a barn to expand livestock farming. Thanks to the bank's capital, the family has developed the economy and increased income." As for Ms. Hoang Thi Ut's household in Doi 5 village, Ngoc Linh commune, she borrowed 100 million from 2022 to invest in buffalo farming. Up to now, in addition to the principal paid to the bank, the family has also purchased many valuable items such as: motorbikes, televisions, refrigerators, etc.

Policy credit capital helps Ms. Hoang Thi Ut's family, Doi 5 village, Ngoc Linh commune (Vi Xuyen) invest effectively in buffalo farming.

In addition, to circulate capital and create favorable conditions for poor households and policy beneficiaries to have more access to preferential capital from the State, the District Social Policy Bank Branch also promotes propaganda, helping people understand the purpose and significance of the unit's activities. On the other hand, it strengthens inspection and control of loan capital, proactively notifies debt due, actively urges and handles overdue debt cases. Therefore, investment efficiency is better promoted, contributing to increasing income and creating jobs for thousands of workers. In 2023 alone, 3,941 households in the area have borrowed capital to invest in production, business, and study.

The results of policy credit are a “bright spot” and one of the “pillars” in the system of poverty reduction policies. Affirming the correctness, contributing significantly to the national target program on sustainable poverty reduction and gradually improving the living conditions of the people, especially ethnic minorities.

Article and photos: TH. Bien - Ng. Mai (Vi Xuyen)

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