Decree 37/2023/ND-CP stipulating the salaries and salary allowances for employees and managers of the Farmers Support Fund.
Decree 37/2023/ND-CP regulating wages and wage allowances for workers and managers of the Farmers Support Fund
In Article 33 of Decree 37/2023/ND-CP, wages and wage allowances for workers and managers of the Farmers Support Fund are regulated as follows:
- Officers, cadres under the staffing of the Vietnamese Farmers Association at all levels assigned to directly manage and operate the Farmers Support Fund (except for members of the Supervisory Board) are paid wages according to the Law on Cadres and Public Employees and receive a monthly allowance not exceeding 01 times the salary level, position step, and rank of these officers;
- Officers recruited under labor contracts are paid wages, deductions on wages, and allowances (if any) as agreed in the labor contract signed between the Farmers Support Fund and the worker, ensuring compliance with the law;
- Officers, cadres under state agencies assigned to participate in managing the Farmers Support Fund (excluding the officers mentioned above) and members of the Supervisory Board of the Farmers Support Fund are paid concurrent position allowances according to salary policy regulations for officers;
- After new salary policies for cadres and public employees associated with job positions, titles, and leadership positions are promulgated, the Farmers Support Fund shall comply with legal regulations.
How is the income of the Farmers Support Fund regulated?
In Article 34 of Decree 37/2023/ND-CP, the income of the Farmers Support Fund is regulated as follows:
Income of the Farmers Support Fund
1. The income of the Farmers Support Fund includes:
a) Income from loan interest as regulated in this Decree;
b) Management fee income;
c) Interest income from deposits at the State Treasury, Social Policy Bank, and commercial banks;
d) Other lawful income (if any) as regulated by law.
2. The Ministry of Finance shall provide specific guidance on the income of the Farmers Support Fund as stipulated in clause 1 of this Article.
Thus, the income of the Farmers Support Fund includes:
- Income from loan interest as regulated in this Decree;
- Management fee income;
- Interest income from deposits at the State Treasury, Social Policy Bank, and commercial banks;
- Other lawful income (if any) as regulated by law.
What are the expenses of the Farmers Support Fund?
In Article 35 of Decree 37/2023/ND-CP, it is regulated as follows:
Expenses of the Farmers Support Fund
1. Expenses of the Farmers Support Fund are the arising expenses necessary for the Fund's activities, including:
a) Operational expenses: Loan operation expenses, setting up provisions for risks and other provisions (if any), debt handling expenses, insurance, and other operational expenses;
b) Administrative expenses: Expenses for staff and workers, management expenses, investment, and asset purchase expenses, and other administrative expenses;
c) Tax submission, fees, and charges (if any) as regulated by law;
d) Other expenses.
2. The Ministry of Finance shall provide specific guidance on the expenses of the Farmers Support Fund as stipulated in clause 1 of this Article.
Thus, the expenses of the Farmers Support Fund are the arising expenses necessary for the Fund's activities, including:
- Operational expenses: Loan operation expenses, setting up provisions for risks and other provisions (if any), debt handling expenses, insurance, and other operational expenses;
- Administrative expenses: Expenses for staff and workers, management expenses, investment, and asset purchase expenses, and other administrative expenses;
- Tax submission, fees, and charges (if any) as regulated by law;
- Other expenses.
Decree 37/2023/ND-CP regulating wages and wage allowances for workers and managers of the Farmers Support Fund? (Image from the Internet)
What responsibilities does the Farmers Support Fund have to implement regulations on ensuring capital safety?
In Article 32 of Decree 37/2023/ND-CP, the Farmers Support Fund is responsible for implementing regulations on ensuring capital safety with the following measures:
- Managing, using capital and assets, distributing income and expenditure differences, financial management policies, accounting policies, and auditing according to this Decree and the Ministry of Finance's guidance.
- Implementing lending limit regulations.
- Setting up risk provisions for lending activities as regulated.
- Purchasing insurance for assets that are required by law to be insured as regulated by law.
- Handling the value of damaged assets as stipulated in clause 4, Article 31 of Decree 37/2023/ND-CP.
- Other measures to ensure capital safety as regulated by law.
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