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Monday, October 25, 2021

Gov’t agrees to offer computer loans to poor students

The Saigon Times

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HCMC – Deputy Prime Minister Le Minh Khai has given the green light to the Finance Ministry’s proposal to launch a loan package worth some VND3.5 trillion to support needy students to buy computers and other equipment for online learning.

The credit package will benefit students from poor and near-poor households and those affected by Covid-19, as well as students who have lost a parent to Covid-19.

The package will be sourced from the central bank’s VND7.5 trillion refinancing capital for employers for salary payments in line with the Government’s Resolution 68 on policies to support employers and employees affected by the pandemic.

Earlier on September 30, the Ministry of Finance proposed the Government launch a credit package to support poor students to buy computers and other equipment to help with online learning amid the pandemic.

The maximum value of a loan will be VND7 million per student, with a lending duration of under one year and a zero-interest rate.

The credit support scheme will be conducted after the prime minister approves the proposal until March 31, 2022, the local media reported.

As of September 12, due to the pandemic, up to 1.5 million students in 26 provinces and cities were meant to attend online classes, but did not have access to a computer, according to the Ministry of Education and Training.

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