Decision 1990/QD-TTg 2021 reducing loan interest rates for policy credit programs at Vietnam Bank for Social Policies

DECISION

On reducing the loan interest rates for policy credit programs at the Vietnam Bank for Social Policies

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THE PRIME MINISTER
 

Pursuant to the Law on the Organization of the Government dated June 19, 2015; the Law Amending and Supplementing a Number of Articles of the Law on Organization of the Government and the Law on Organization of Local Administration dated November 22, 2019;

Pursuant to the Government’s Decree No. 78/2002/ND-CP dated October 04, 2002 on credit for poor people and other policy beneficiaries;

At the proposal of the Vietnam Bank for Social Policies in the Document No. 63/TTr-HDQT dated September 29, 2021 and the Document No. 10401/NHCS-KHNV dated November 05, 2021, on reducing the loan interest rates for policy credit programs at the Vietnam Bank for Social Policies.

DECIDES:

Article 1. The loan interest rates for policy credit programs at the Vietnam Bank for Social Policies which is regulated by the Prime Minister shall be reduced by 10%.

The Vietnam Bank for Social Policies shall enhance measures to balance operation expenses to reduce loan interest rates within the plan of capital offsetting interest rate differences and management charges assigned in 2021.

Article 2. The duration of reducing the loan interest rates for policy credit programs specified in Article 1 of this Decision which apply to outstanding loans at the Vietnam Bank for Social Policies is from October 01, 2021 to the end of December 31, 2021. After December 31, 2021, the loan interest rates for policy credit programs at the Vietnam Bank for Social Policies shall comply with the current regulations of the Prime Minister.

Article 3. This Decision takes effect from October 01, 2021 to the end of December 31, 2021.

Article 4. Ministers, heads of ministerial-level agencies, heads of government-attached agencies, the Governor of the State Bank of Vietnam, Chairperson of the Board of Directors and General Director of Vietnam Bank for Social Policies, heads of related agencies shall be responsible for implementing this Decision./.

 For the Prime Minister

The Deputy Prime Minister

Le Minh Khai