(HBO) – From the start of this year, Mai Chau district of Hoa Binh has more than 3,000 poor households and policy beneficiaries eligible for preferential credits to improve their economic conditions.
The social policy credit programme has served as a ‘midwife’ for hunger eradication and poverty alleviation efforts in the mountainous district.
Photo: Staff at a transaction office of the Bank for Social Policy in Mai Chau district examine the use of preferential loan of a family in Hich 2 village of Mai Hich commune.
There is high demand for preferential credits as there are many disadvantaged villages and communes in Mai Chau.
The family of Ha Cong Song was among the poor ones in Hich 2 village of Mai Hich commune. Due to capital shortage, they could only make ends meet on maize and rice cultivation.
After receiving a preferential loan in 2010, Song was able to build stables for cattle. To date, the family has owned two buffaloes and five bulls, enjoying an income of more than 50 million VND (2,170 USD) a year. They successfully escaped poverty.
The social policy credit programme significantly contributes to Mai Chau’s poverty reduction work, with the rate of poor households dropping nearly 3 percent annually.
Director of the transaction office of the Bank for Social Policy in the district Vu Hoai Nam said despite the complicated developments of COVID-19, the bank has exerted efforts to basically complete set targets and timely disburse preferential credits to beneficiaries.
In the first 10 months of 2021, the district mobilised in excess of 30.5 billion VND from social sources, 8.2 percent higher than the target.
Entrusted capital in the locality rose to 741 million VND, meeting the plan.
Outstanding loans under the social policy programme increased by 19.7 billion VND compared to the same period last year, meeting 99.9 percent of the set target.
Total outstanding loans to date has exceeded 311 billion VND. The programme is viewed a leverage in hunger eradication and poverty reduction, as well as plays an important role in the implementation of the national target programme on building new-style rural areas.
For example, the transaction office of the Bank for Social Policy in Mai Chau has paid heed to preferential loans to carry out a programme on clean water and rural hygiene.
Thanks to the programme, nearly 1,000 new clean water works have been built in the district, and rural hygiene is improved.
Nam said that in the coming time, the bank will continue to study the local demand for preferential loans so as to devise appropriate plans. It will roll out efficient programmes for eligible beneficiaries and improve credit quality in the locality./.
The provincial Department of Agriculture and Rural Development on November 20 coordinated with Hai Dang Group Hoa Binh Seafood Company Limited to release 1.5 tonnes of fries into Hoa Binh Lake to regenerate aquatic resources, with a total value of 266 million VND (10,460 USD).
On the afternoon of November 16, Nguyen Phi Long, alternate member of the Party Central Committee and Secretary of the provincial Party Committee, held a reception for a delegation from the Indian Embassy led by Ambassador Sandeep Arya. The delegation included the chairperson of the Indian Chamber of Commerce in Vietnam, embassy personnel, and Indian businesses operating in Vietnam. Accompanying Long at the meeting were leaders of the provincial People's Committee and representatives from various departments and sectors.
Hoa Binh province hosted the "Meet India 2024" conference on November 16, marking a significant step in strengthening bilateral economic ties between Vietnam and India.
In recent times, with its core role in building and fostering great national unity, Cao Phong district's Vietnam Fatherland Front Committee has actively carried out its responsibilities and front work, and closely collaborated with member organisations to encourage locals to implement the Party’s guidelines, and the State’s policies and laws. At the same time, it has worked to promote the dynamism, creativity, and contributions of officials, Party members, and local people to help the district develop further.
From a type of bulb used as a seasoning for daily meals, thanks to the efforts of local authorities and farmers, shallots have become a commercial crop in Yen Thuy district, contributing to promoting the transformation of crop structure in agricultural production, bringing higher incomes to locals.
