Nearly 550,000 poor households provided with soft loans in Ninh Binh
Ninh
Binh (VNA) – The Vietnam Bank for Social Policies (VBSP)’s Ninh
Binh Branch has provided more than 9.84 trillion VND (415.63 million USD) in
soft loans for around 547,870 poor households and other policy beneficiaries in
the northern province over the last two decades.
The
information was announced at a conference held by the provincial People’s
Committee on September 19 to review the 20-year implementation of the soft
credit policy designated for the poor and policy beneficiaries in Ninh Binh in
accordance with the Government’s Decree 78/2002/ND-CP dated October 4, 2002.
The
majority of the soft credit has been pumped into agriculture and rural
development, with priority given to poor households and those from ethnic
minorities and living in remote and extremely disadvantaged communes.
The
VBSP Ninh Binh Branch has set a credit growth of 8% annually by 2030. It also
plans to keep the annual delinquency rate below 0.5%./.