(HBO) - Credit incentives together with other policies of the Party and State have provided timely support to the implementation of sustainable poverty reduction in Phu Thanh commune, Lac Thuy district.
By the end of 2021, there were 290 poor households in the commune, accounting for 13.3% while households living near the poverty line were 196, making up 8.99% of the locality’s population.
Households in Tan Lam village,
Phu Thanh commune, Lac Thuy district, enjoy preferential loans to develop tea
production.
Bui Thi Hoa, Vice Chairwoman of the Commune People's Committee,
said that Phu Thanh is an extremely difficult commune with a population of over
8,300 people. Over recent years, social security and sustainable poverty
reduction have enjoyed due attention thanks to the State’s preferential credit
programmes. The commune has taken full advantage of capital sources and created
conditions for the locals to improve living standard while contributing to
socio-economic development in the locality.
In addition, communication works on credit policies were
promptly and widely deployed, especially guiding documents and credit incentive
programmes on extending time and line of credit for impoverished households.
The commune has 19 savings and loan groups, nine preferential
credit loan programmes. For many years, the commune has no bad, outstanding or
overdue debt.
The commune has created favourable conditions to help local
people access preferential loan to develop production, improve living standards
and reduce poverty sustainably./.
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