Decision of Credit for Pupils, Students

REPUBLIC OF VIETNAM
Independence - Freedom - Happiness 

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DECISION
Credit for Pupils, Students
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PRIME MINISTER
Pursuant to the Law on Government Organization December 25, 2001;
Pursuant to Decree 78/2002/ND-CP of October 4, 2002 of the Government credit for the poor and other policy beneficiaries;
At the proposal of the Minister of Finance,

DECISION:

Article 1. Loaned objects: Pupils and students have difficulty studying at universities (or university equivalent), colleges, professional secondary and vocational training provided for in Article 2 of Decree No. 78/2002/ND-CP October 4, 2002 by the Government.
Article 2. Loan Purpose: The aim is to cover the lending part of the cost for learning and life of Pupils and students during the period under study include: money to pay school fees, cost of procurement of textbooks, learning facilities research, and other expenses.
Article 3. Loaned objects defined in Article 1 of this Decision shall have the following conditions: 1. Pupils and students are living in the household have permanent residence or temporary residence registration in the locality where the long-term loans.
2. Pupils and students are enrolled and are attending the main system is concentrated in universities, colleges, professional secondary and vocational training time from 01 years upwards.
Article 4. Lending method: Bank lending for social policy students, students with difficulty be made by the method of lending through the household of Pupils and students. Household as the student representative, student direct loans, bank debt and social policy are responsible, their rights as prescribed by law.
Article 5. Loan rate: Loan rates for students, students from the Social Policy Bank decided to match the financial capabilities of the bank and the borrowing requirements of loaned objects. Loan rates are determined by the month, according to the school year and on the course by the Social Policy Bank announced.
Article 6. Loan term: 1. Lending period is the period from the date the object was started receiving loans loan until full repayment (principal and interest) as agreed in the credit agreement. Loan term development, including loan term and repayment term.
2. Playback duration of loan is the period from the date the object was received loans loan until the first day students, students finish the course, including the time for pupils, students leave school school term and retain academic results (if any). Development loan duration is divided into the loan maturity distribution by the Social Policy Bank regulations.
3. Repayment period is the period from the date object to get loans to pay the debt on the first pay off the debt (principal and interest). The maximum repayment term by term development loans. Repayment period is divided into the repayment period by the Social Policy Bank regulations.
Article 7. Interest rate: 1. Lending rates applied by poor lending rate by the Prime Minister's decision.
2. Overdue interest rate is equal to 130% of the lending interest rate.
Article 8. Capital loan application: 1. Objects loans must be fully completed loan application in accordance with the Bank's social policy for lending to poor households.
2. Loaned objects must have a certificate of universities, colleges, professional secondary and vocational education and students who are studying or are studying at the school.
Article 9. The order and procedures for borrowing by the Social Policy Bank regulations to ensure simple, clear and easy to implement.
Article 10. Repayment of loan principal and interest: 1. Within development loans are loans may be subject to payment of principal and interest, loan interest is calculated from the date of loan objects received the first loan to pay off debt on the original. For the amount of loan interest incurred during the loan term development, the Social Policy Bank agreed to loan objects to determine the maturity of the debt repayment period.
2. Object to get loans to pay principal and interest loan for the first time within 6 months after the student, the student finishing the course.
Article 11. Adjust the repayment period, extending debt and overdue debt. 1. When the maturity of the debt repayment of principal and interest were recorded in the credit contract, the object is not likely to loan repayment and a written request, the Social Policy Bank to consider adjusting the debt repayment period .
2. When the day to pay off debt (principal and interest) was recorded in the credit agreement, loan object is not able to repay part or all of the debt (principal and interest) and a written proposal the Social Policy Bank to consider extending the debt repayment. Time to reschedule a maximum of 1 / 2 repayment period stipulated in Clause 3, Article 6 of this Decision.
3. Where the object is not to repay loans due by the end of repayment period and not allowed to reschedule the Social Policy Bank overdue. Social Policy Bank in conjunction with local administration, political institutions - social measures to recover debts.
4. Social Policy Bank shall specify the adjustment of repayment period, extending debt payment and overdue.
Article 12. Handling risk by objective reasons: The debt settlement risk due to objective reasons made in accordance with the Regulation on debt settlement risk in the Social Policy Bank.
Article 13. Responsibilities of agencies: 1. Ministry of Finance a) Lead and coordinate with other ministries and local regulations concerning the criteria students, students with difficult circumstances and, guiding, inspecting and supervising the implementation of Decision this.
b) To coordinate with the Ministry of Planning and Investment planning additional annual credit plan subsidies and interest rate differences for social policy banks perform their assigned tasks.
2. Ministry of Planning and Investment Lead and coordinate with the Ministry of Finance plans credit for student loans in total loans annually to supplement the Social Policy Bank to perform the task of lending to poor households and vulnerable groups policies and plans subsidized interest rate difference for the Social Policy Bank, the Prime Minister for consideration and decision.
3. Ministry of Education and Training.
Steering universities, colleges, professional secondary and vocational schools throughout the country confirm the student, the student is enrolled and studying in the field with simple procedures, rapid, convenient to accelerate the process of considering and approving loans.
4. State Bank of Vietnam in the range of functions, tasks and directing the Social Policy Bank building processes and procedures for loan implementation testing and inspecting the implementation of credit policy for students Students of the Social Policy Bank.
5. People's Committees of provinces and cities under central authority.
Directed the agencies and People's Committees at all levels perform credit policy for Pupils and students in accordance with law and this decision.
Article 14. Implementation organization: 1. This decision takes effect after 15 days from the date of its publication and replaces Decision No. 51/1998/QD-TTg March 2, 1998 by the Prime Minister on credit fund training.
2. The ministers, heads of ministerial-level agencies, heads of Government, President's Committee of provinces and cities directly under the Central Government, Board Chairman, General Director of the Social Policy Bank shall implement this Decision. /.
Prime Minister Nguyen Tan Dung (Signed)