Policy credit contributes positively to the goals of economic development, poverty reduction, and ensuring social security.

On the afternoon of October 22, the Board of Directors of the Provincial Bank for Social Policies (BSP) held a conference to evaluate the results of operations in the first 9 months and deploy tasks for the last 3 months of 2024. Comrade Nguyen Van Thi, member of the Provincial Party Standing Committee, Permanent Vice Chairman of the Provincial People's Committee, Head of the Board of Directors of the Provincial Bank for Social Policies chaired the conference.

Comrade Nguyen Van Thi, Member of the Provincial Party Standing Committee, Permanent Vice Chairman of the Provincial People's Committee, Head of the Board of Directors of the Provincial Social Policy Bank spoke at the conference.

In the first 9 months of 2024, the Board of Directors of the Provincial Social Policy Bank actively and proactively followed the policies and orientations of the Party and the Government on social policy credit, as well as the direction of the Central Social Policy Bank, the Provincial Party Committee, the Provincial People's Council, and the Provincial People's Committee to implement assigned tasks and plans. The Board of Directors of the Social Policy Bank at all levels advised the People's Councils and People's Committees at the same level to transfer local budget sources to the Social Policy Bank to supplement capital for lending to poor households and policy beneficiaries, reaching 650 billion VND, an increase of 141 billion VND compared to the beginning of the year; 27/27 units have completed and exceeded the 2024 plan.

Director of Thanh Hoa Social Policy Bank Le Huu Quyen presented the report on the activities of Thanh Hoa Social Policy Bank for the first 9 months of 2024.

By September 30, 2024, the total policy credit capital reached VND 14,563.4 billion, an increase of VND 769.6 billion compared to the beginning of the year (growth rate reached 5.6%) with more than 250,000 poor households and other policy beneficiaries still having outstanding loans. Outstanding loans entrusted through socio- political organizations reached VND 14,443 billion, an increase of VND 777 billion compared to the beginning of the year.

Credit quality is maintained, overdue debt and frozen debt are 19,632 million VND, accounting for 0.13% of total outstanding debt, 0.42% lower than the national average. Of which, overdue debt is 10,512 billion VND, accounting for 0.07%; frozen debt is 9,120 billion VND, accounting for 0.06%.

Delegates attending the conference.

In the first 9 months of 2024, social policy credit capital supported investment in production and business, creating jobs for 8,498 workers, including 498 workers working abroad for a limited period and more than 252 people who had completed their prison sentences had jobs; helped 1,732 students in difficult circumstances borrow money to study; built, renovated, and upgraded more than 56,000 clean water and sanitation works in rural areas; supported the purchase, construction, repair, and renovation of 108 social houses for policy beneficiaries, contributing to economic stability and development, ensuring social security, successfully implementing the task of preferential credit investment in the National Target Programs on sustainable poverty reduction, new rural construction, and socio-economic development in ethnic minority and mountainous areas.

Chairwoman of the Provincial Women's Union Ngo Thi Hong Hao, member of the Board of Directors of the Provincial Bank for Social Policies, spoke at the conference.

The Social Policy Bank and entrusted socio-political organizations have effectively implemented capital mobilization solutions; focused on disbursing policy credit capital sources; strengthened inspection and supervision at the grassroots level; and propagated and mobilized members to deploy and use mobile banking applications and services.

Social policy credit activities have made an important contribution to effectively implementing programs, goals and tasks on sustainable poverty reduction, new rural construction, focusing on human resource development, ensuring social security, political stability, security - national defense and socio-economic development.

Member of the Board of Directors of the Provincial People's Credit Fund spoke at the conference.

At the meeting, delegates focused on discussing difficulties and obstacles in the implementation of policy credit programs, and at the same time recommended and proposed a number of solutions to effectively carry out tasks in the last months of 2024.

Standing Vice Chairman of the Provincial People's Committee Nguyen Van Thi, Head of the Provincial Social Policy Bank Board of Directors, spoke at the conference.

Speaking at the conference, Standing Vice Chairman of the Provincial People's Committee Nguyen Van Thi, Head of the Provincial Board of Directors of the Social Policy Bank, highly appreciated the results achieved in the first 9 months of 2024 by the Board of Directors of the Social Policy Bank at all levels and the entrusted activities of socio-political organizations.

Social policy credit activities have made important contributions to effectively implementing programs, goals and tasks on sustainable poverty reduction and new rural construction in localities.

He emphasized: In the coming time, the Board of Directors of the Provincial Social Policy Bank will continue to do a good job of advising the Provincial Party Committee, People's Council and Provincial People's Committee to implement Conclusion 06-KL/TW of the Secretariat on implementing Directive No. 40-CT/TW on strengthening the Party's leadership over social policy credit, focusing on transferring local budget capital to the Social Policy Bank for lending to poor households and other policy beneficiaries; promoting information and propaganda to people about loan programs; propagating to organizations and individuals participating in saving at banks to supplement loan capital.

Assign the target of increasing the capital source plan for receiving trust at the local level in 2025 to districts, towns and cities. At the units, urgently advise the People's Council and People's Committee at the same level to record in the 2025 budget expenditure estimate the target of increasing the capital source plan from the local budget transferred to the Social Policy Bank as assigned by the Head of the Board of Directors of the Provincial Social Policy Bank.

He also requested the members of the Board of Directors of the Provincial Social Policy Bank to continue to promote their roles and responsibilities, perform well the assigned functions and tasks; coordinate well with localities and socio-political organizations. The members of the Board of Directors of the Social Policy Bank continue to do well the inspection and supervision work at the grassroots level to ensure the safety of capital sources, promote the effectiveness of social policy credit capital sources in real life.

The People's Credit Fund and entrusted socio-political organizations have focused on disseminating and implementing policy credit capital sources.

For the provincial Social Policy Bank, proactively and effectively advise the Provincial Social Policy Bank's Board of Directors in implementing tasks according to the operating regulations. Strengthen solutions to mobilize capital, ensuring the assigned plan in 2024. For socio-political organizations receiving entrustment, direct associations at all levels to coordinate with the lending Social Policy Bank and relevant units to continue reviewing beneficiaries of preferential credit capital from the Government, promptly transferring capital to policy beneficiaries, ensuring compliance with regulations...

Khanh Phuong

Source: https://baothanhhoa.vn/tin-dung-chinh-sach-gop-phan-tich-cuc-vao-muc-tieu-phat-dien-kinh-te-giam-ngheo-bao-dam-an-sinh-xa-hoi-228297.htm