Loan Amount for Individuals Who Have Completed Their Prison Sentences is 100 Million VND Per Person - Is This Correct?
Decision 22/2023/QD-TTg on Credit for Individuals Who Have Completed Prison Sentences?
On August 17, 2023, the Prime Minister of the Government of Vietnam issued Decision 22/2023/QD-TTg on credit for individuals who have completed their prison sentences.
The scope of adjustment of Decision 22/2023/QD-TTg is specified as follows:
This Decision stipulates the credit policy for the following subjects:
- Individuals who have completed their prison sentences.- Business establishments that employ individuals who have completed their prison sentences.
They are allowed to borrow from the Social Policy Bank for vocational training and production business, creating jobs.
Loan amount for individuals who have completed their prison sentences is 100 million VND/person. Is this correct?
Who Are the Borrowers and What Are the Lending Methods?
In Article 3 of Decision 22/2023/QD-TTg, the subjects and conditions for borrowing are specified as follows:
Subjects and Conditions for Borrowing
Subjects and conditions for borrowing include:
1. Subjects of borrowing
a) Individuals who have completed their prison sentences include those who have completed the imprisonment period as certified according to the Law on Criminal Enforcement and individuals who have been pardoned as certified according to the Law on Amnesty.
b) Business establishments, including small and medium enterprises, cooperatives, cooperative groups, and household businesses, that employ individuals who have completed their prison sentences.
2. Conditions for borrowing
a) Individuals who have completed their prison sentences: Must have a borrowing need; be listed among those who have completed their prison sentences and returned to their locality, adhere well to the laws, and do not participate in social evils, as compiled by the commune-level police and certified by the commune-level People's Committee using Form No. 01 attached to this Decision. The time from completing the prison sentence to the borrowing time should not exceed 05 years.
b) Business establishments: Must be legally established and operating according to the law; employ at least 10% of the total labor force as individuals who have completed their prison sentences meeting the conditions stated in point a of this clause and having a labor contract following the labor law; must have a borrowing plan and be certified by the commune-level People's Committee where the plan is executed using Form No. 02 attached to this Decision.
3. Both individuals who have completed their prison sentences and business establishments as prescribed in clauses 1 and 2 of this Article must not have any outstanding debt at the Social Policy Bank for other credit programs with the same loan purpose for vocational training, production, business, and job creation according to legal regulations.
Thus, according to the above regulations, the borrowing subjects include:
- Individuals who have completed their prison sentences as certified according to the Law on Criminal Enforcement and individuals who have been pardoned as certified according to the Law on Amnesty.- Business establishments, including small and medium enterprises, cooperatives, cooperative groups, and household businesses, that employ individuals who have completed their prison sentences.
Additionally, in Article 4 of Decision 22/2023/QD-TTg on lending methods, it includes:
* For individuals who have completed their prison sentences
- The lending method through households. The household representative of the individual who has completed the prison sentence is the borrower and transacts with the Social Policy Bank. If there are no members aged 18 or older or the remaining members are incapable of labor or lacking full civil legal capacity, the individual who has completed the prison sentence directly borrows from the Social Policy Bank.
- The Social Policy Bank where the loan is provided will lend through entrusted political-social organizations.
* For business establishments
- The Social Policy Bank where the loan is provided will lend directly.
Is the Loan Amount for Individuals Who Have Completed Prison Sentences 100 Million VND/Person Correct?
In Article 6 of Decision 22/2023/QD-TTg, the loan amounts are specified as follows:
* For borrowing to support vocational training
- The maximum loan amount is 4 million VND/month/person who has completed their prison sentence.
* For borrowing to support production, business, and job creation
- Individuals who have completed their prison sentences: The maximum loan amount is 100 million VND/person.- Business establishments: The maximum loan amount is 2 billion VND/project and not more than 100 million VND/worker at the business establishment.
Decision 22/2023/QD-TTg will take effect from October 10, 2023.
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