Credit package proposed to support students in equipment purchase for online study

Illustrative image (Source: VNA)

Under the proposal, students from poor and near-poor families as well as those facing difficulties due to the COVID-19 pandemic, including students whose fathers or mothers died of the disease, will be enabled to get loans to buy computers under support of the “computers and Internet services for children” programme.

According to the ministry, eligible students are those who have no computer and equipment for online study and have not yet received any support in the field.  

The People’s Committees of communes and wards are responsible to make and verify the lists of beneficiaries before submitting to the Vietnam Bank for Social Policies for approval.

The maximum value of the loans will be 7 million VND (307 USD) per student, according to the proposal, which estimates that the total capital for the scheme is about 3.5 trillion VND (153.86 million USD). The duration of the loans is under one year with a zero percent interest rate.

The scheme will be conducted right after the Prime Minister approve it until March 31, 2022.

Initially, resources for the scheme will come from the 7.5 trillion VND credit package that is being implemented by the Vietnam Bank for Social Policies, which was designed for employers to borrow to pay salaries for their employees but received few requests./.

VNA