VND 3,000 billion to support interest rates on loans at the Bank for Social Policies
On May 30, the Government issued Decree 36/2022/ND-CP on interest rate support for loans at Bank for Social Policyloan capital, interest rate compensation and management fees for the Bank for Social Policies to lend according to Resolution No. 43/2022/QH15 of the National Assembly on fiscal and monetary policies to support the Recovery and Rehabilitation Program and social economic development.
The Decree clearly states that loan borrowers are entitled to interest rate support from the state budget when fully meeting the following conditions:
Having satisfactory loans under policy credit programs loaned by the Bank for Social Policies under: Government Decree; Decision of the Prime Minister; entrustment documents of local authorities, economic organizations, socio-political organizations, associations, associations, non-governmental organizations, domestic and foreign individuals; agreements, on-lending contracts from ODA and foreign incentives; other foreign funding arrangements;
Having a loan interest rate of over 6%/year; Disbursed by the Bank for Social Policies and incurred outstanding loans during the period of interest rate support.
The customer borrows the loan from the right borrower and uses the loan for the right purpose according to regulations.
The period for implementing interest rate support is from January 1, 2022 to December 31, 2023 or when the Bank for Social Policies announces the end of interest rate support as prescribed, whichever comes later. before.
The loan period eligible for interest rate support is determined from the time of loan disbursement to the time the customer pays off the principal, but not outside of the period of interest rate support.
The interest rate support for borrowers is 2%/year calculated on the loan balance of the disbursements disbursed during the period of interest rate support and the loan period receiving interest rate support.
The Decree clearly states that the interest rate support must be public, transparent, right for the right subjects, for the right purposes, and to avoid policy profiteering. The State budget shall fully and promptly allocate funds for interest rate support for the Bank for Social Policies to provide interest rate support to customers. Total capital to support maximum interest rate is 3 trillion VND.
Bank for Social Policies provides interest rate support to ensure compliance with regulations, creating favorable conditions for customers. No interest rate support is available for overdue or extended debt balances.
Regarding the method of interest rate support, the state budget provides interest rate support for borrowers through the Bank for Social Policies and pays the interest rate support amount to the Bank for Social Policies according to regulations. regulations.
Every month, the Bank for Social Policies calculates the supported interest amount and deducts it from the interest payable by the borrower.
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at Blogtuan.info – Source: vtv.vn – Read the original article here