After 5 years of implementing Directive No. 40-CT / TW of November 22, 2014 of the Party Central Committee's Secretariat on strengthening the Party's leadership in social policy credit, the effectiveness of policy credit Last time in Binh Duong society has affirmed that this is a right decision, suitable to the people.
Thoroughly understand Directive No. 40-CT / TW on each subject
Talking with us, Mr. Vo Van Duc, Director of Binh Duong Social Policy Bank, said that immediately after the Secretariat issued Directive No. 40-CT / TW, the Provincial Standing Committee of the Party directed the group. popularize and thoroughly grasp Directive No. 40-CT / TW to all cadres and party members of the Provincial Party Committee. The provincial committee issued a letter directing the local political system to organize the implementation of Directive No. 40-CT / TW, and at the same time directing the Party Committee of the Provincial People's Committee to issue a plan to implement the Directive No. 40-CT / TW; In the resolutions leading to carrying out the annual political tasks, there is content and direction for implementing Directive No. 40-CT / TW.
The Propaganda Department of the Provincial Party Committee has presided over the coordination with the Department of Information and Communications, Binh Duong Newspaper, Binh Duong Radio and Television Station to enhance the propaganda on the role of social policy credit plays an important role. in implementing the goal of poverty reduction, job creation and social security; rights and responsibilities of policy beneficiaries in implementing preferential credit policies.
Customers come to apply for loan procedures at Binh Duong Social Policy Bank
Shortly thereafter, the Party committees and authorities at all levels agreed on the role and position of social policy credit in the implementation of national target programs on sustainable poverty reduction, job creation, building a new countryside, ensuring social security of localities. Each locality always pays attention to directing, supporting and creating favorable conditions for social policy credit activities. Particularly, at the local level, the Chairman of the People's Committee of the commune is assigned to join the Representative Board of the Board of Directors of the district social policy bank; pay attention to allocating funds from local budgets entrusted via local social policy banks to supplement resources for lending to poor households and other policy beneficiaries.
Some outstanding results
According to our understanding, in 2014 (before the issuance of Directive 40 / CT-TW), total outstanding loans reached VND 1,050,198 million (average outstanding loans of VND 13 million / household), local entrusted capital. only VND 63,925 million, overdue debt accounted for 0.35% with 10 loan programs. Since the implementation of Directive No. 40-CT / TW, the Board of Representatives of the Board of Directors at all levels has well implemented the operational regulations and resolutions of their levels and superiors. As a result, the source of social policy credit increased 1.5 times since the issuance of Directive No. 40-CT / TW; actively contribute to poverty reduction, job creation, human resource development, prevent and repel black credit, ensure social security, and build new rural areas.
As of June 30, 2019, the total loan balance reached VND 2,416,910 million, an increase of VND 1,366,712 million (an increase of 1.3 times) compared to 2014, with 68,885 customers taking loans. The policy credit capital has brought 100% of the neighborhoods and hamlets in the province, creating favorable conditions for the poor and other policy beneficiaries to easily access the capital. Along with the credit growth, the quality of policy credit is also constantly being raised, the overdue debt ratio has decreased from 0.35% (at the end of 2014) to 0.18% (June 2019). .
From social policy credit activities in the past 5 years, Binh Duong Bank for Social Policies has provided capital to more than 119,000 poor households and other policy beneficiaries, with a total loan of 3,288 billion dong. , contributing to helping more than 10,000 households overcome the poverty line to become rich; more than 5,000 pupils and students have better studying conditions; more than 39,000 employees are maintained and created new jobs; more than 94,000 newly constructed and repaired water and sanitation works up to national standards; disbursing loans to 103 households to buy, rent-purchase social houses, build or repair houses for housing; loans to 32 small and medium enterprises; The policy credit has partly contributed to help 49 communes meet the new rural standard.
The effectiveness of social policy credit has confirmed that the Secretariat Directive No. 40-CT / TW of the Secretariat is a right and popular decision, an important guideline in credit implementation. social policies, profoundly changing the perceptions and actions of the Party committees, authorities and socio-political organizations in promoting the implementation of social policy credit.
Reported by T.Vy – Translated by Vi Bao
