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Hanoi spends nearly 2,000 billion VND for production recovery loans

Transactions at Bank for Social Policies. (Illustration image – Photo: Investment Newspaper)

The city will focus on effectively implementing preferential policies on tax, credit, land and human resources to support production and business.

Especially, Hanoi will spend nearly VND 2,000 billion, including more than VND 900 billion from the additional city budget in 2022 and more than VND 1,000 billion from revolving loan recovery to support lending to the poor, other policy families, small and medium enterprises, cooperatives and business households in the area in order to restore the economy.

The above capital is entrusted through the branch of the City Bank for Social Policies, related branches, the People’s Committees of districts and towns in order to allocate capital to the right subjects, for the right purposes for lending, and to avoid duplicates. with relevant central and municipal support programs.

In order for the capital to “flow” quickly to the above subjects, the City People’s Committee directs the branch of the City Bank for Social Policies to coordinate with the local government, relevant departments, agencies and agencies and socio-political organizations complete loan documents, timely disburse disbursements to beneficiaries.

The People’s Committee of Hanoi also requires districts, towns and cities to be responsible for allocating planning targets to communes, wards and townships and directing the implementation for those eligible for loans. capital quickly and conveniently.

Notably, Hanoi will effectively deploy the entrustment credit package through the City Bank for Social Policies Branch to lend loans to businesses, cooperatives, business households and employees to restore production and business. , create jobs; promoting the implementation of the project to support small and medium-sized enterprises in the city for the period of 2021 – 2025, the program to connect banks – enterprises…

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