Ben Cat Town Social Policy Bank to support VND 4.7 billion for job creation

Ben Cat Town Transaction Office of Social Policy Bank has disbursed a loan program to support job creation, maintenance and expansion of employment opportunities for poor and disadvantaged households in the town.

Accordingly, as of May 10, the Town Transaction Office disbursed VND 4.7 billion of loans to 94 households to buy and sell groceries, develop rubber plantations, take care of fruit trees. On average, each household borrowed from VND 20-50 million, credit period is from 24-60 months with an annual interest rate of 7.92%, of which 2% interest rate is supported by the bank in 2022-2023.

The implementation of preferential credit policies in a timely and effective manner to beneficiaries has supported the poor and other policy beneficiaries to overcome difficulties caused by the Covid-19 pandemic, contributing to economic recovery and development according to the Government's Resolution No. 11/ NQ-CP.

Reported by Thoai Phuong – Translated by Ngoc Huynh