The State Bank of Vietnam (SBV) has requested commercial banks to strictly implement a Government support credit lending programme which aims to help famers and businesses operating in agriculture.
The State Bank of Vietnam (SBV) has requested commercial banks to strictly implement a Government support credit lending programme which aims to help famers and businesses operating in agriculture minimise their post-harvest losses.
The programme is being carried out under the Prime Minister's Decision 68/2013/QD-TTg dated November 14, 2013 on support policies to reduce post-harvest losses in agriculture.
Accordingly, commercial banks were asked to provide information related to procedures and conditions for borrowers, facilitating their access to loans.
Decision 68 was issued as part of efforts to realise Resolution 48/NQ-CP on mechanisms and policies to reduce post-harvest farm produce and aquatic product losses, contributing to promoting agricultural restructuring.
Thanks to support policies, farmers have purchased machines and equipment serving production, processing and storing of agro-forestry and fishery products.
A report by the SBV showed that by July 3ಌ0, total lending capital in the programme had reached 3.47 trillion VND (159 million USD) with outstanding loans of 2.44 trillion VND (111 million USD𝓰), up 32 percent from December 31 last year.-VNA
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The State Bank of Vietnam (SBV) has flexibly managed the interest rate policy to suit the market and currency exchange demand and support businesses, stated SBV Deputy Governor Nguyen Thi Hong.
The SBV recently requested commercial banks to strictly implement a Government support credit lending programme which aims to help famers and businesses minimise their post-harvest losses.
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Illustrative image (Photo:VNA)
