|
SBV announces preferential lending program for poor districts
The Governor of the State Bank of Vietnam (SBV), on April 9, issued Circular No.06/2009/TT-NHNN on providing detailed regulations of preferential loans in line with Resolution No.30a/2008/NQ-CP of the Government dated December 27, 2008 on support for poor districts nationwide.
Accordingly, the beneficiaries of this program include poor households, and business and production households, enterprises, cooperatives, and farm owners engaged in production and business in 61 poor districts.
Those credit institutions assigned to participate in this program include the Vietnam Bank for Agriculture and Rural Development (VBARD), the Bank for Investment and Development of Vietnam (BIDV), the Mekong Delta Housing Development Bank, the Vietnam Bank for Industry and Trade(Vietinbank), the Vietnam Bank for Social Policies, and the Joint – Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank).
The state-owned commercial banks will provide loans to the above-mentioned clients with the lowest interest rates for those loans of the same period.
The preferential scheme is implemented as follows:
- For the poor households which live with residential registration in 61 poor districts, they will be assisted by the State with a grant of 50% of the interest rate of loans lent by the state-owned commercial banks for their afforestration.
Additionally, poor households will get other forms of preferential loans from the Vietnam Bank for Social Policies as follows : (i) each household will get a single preferential loan with zero interest rate for the maximum amount of VND 5 million for the duration of 2 years to buy breeder cattle (buffalos, cows , and goats), breeder poultry and aquatic breeders; (ii) each poor household as handicraft producer can get a single loan with zero interest rate for maximum amount of VND 5 million for the duration of 2 years.
- For such clients as business and production households, enterprises, cooperatives and farm owners engaged in agricultural production, processing facilities, and reservation and consumption of agricultural products in 61 poor districts, the State will provide them with a grant of 50% of the interest rate of loans lent by the state-owned commercial banks.
- For agricultural, forest and marine product processing establishments of enterprises, cooperatives and farms in 61 poor districts, the State will provide them with a grant of 50% of the interest rate of loans lent by the state-owned commercial banks.
In addition, the Circular also stipulates specific responsibilities of the lenders, the borrowers, and relevant SBV entities in implementing the preferential credit policy for the 61 poor districts in accordance with Resolution No.30a/2008/NQ-CP of the Government.
sbv
|
